M/19/034 - CVC Funds/ Celtic Rugby DAC [2020] IECompA m19034 (15 January 2020)
The Commission determined that the proposed acquisition would not substantially lessen competition in any market, subject to a binding commitment provided by the parties.
- Parties
- Acquirer: CVC Funds; Target: Celtic Rugby DAC
- Jurisdiction
- Ireland
- Judgment Date
- 15 January 2020
- Procedural Posture
- Merger Control / Phase 1 Clearance With Conditions
- Outcome
- Cleared with agreed measures
- Legal Topics
- Merger Control, Media Mergers, Sports Broadcasting Rights
Case Brief
Summary, issues, holding and outcome
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Parties
CVC Funds
Acquirer
Celtic Rugby DAC
Target
Procedural Posture
Merger Control / Phase 1 Clearance With Conditions
Legal Issues
- 1 Whether the proposed acquisition by CVC Funds of an ownership interest in Celtic Rugby DAC raises competition concerns in the relevant markets
Ratio Decidendi
The Commission determined that the proposed acquisition would not substantially lessen competition in any market, subject to a binding commitment provided by the parties.
Court Disposition
Cleared with agreed measures
Orders
- Acquisition cleared subject to a binding commitment by the parties
Full Case Text
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