M/20/007 Version1/Singlepoint [2020] IECompA m20007 (10 April 2020)

M/20/007 Version1/Singlepoint [2020] IECompA m20007 (10 April 2020)

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition and therefore cleared the transaction.

Parties
Acquirer: Version1 Software Limited; Target: Singlepoint Holdings Limited
Jurisdiction
Ireland
Judgment Date
10 April 2020
Procedural Posture
Merger Clearance / Determination
Outcome
cleared
Legal Topics
Merger Control, Acquisition, Sole Control
Competition Law Merger Control Acquisition Sole Control

Case Brief

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Parties

Version1 Software Limited

Acquirer

Singlepoint Holdings Limited

Target

Procedural Posture

Merger Clearance / Determination

Legal Issues

  1. 1 Whether the proposed acquisition of sole control of Singlepoint Holdings Limited by Version1 Software Limited should be cleared under competition law

Ratio Decidendi

The Competition and Consumer Protection Commission found that the proposed acquisition would not substantially lessen competition and therefore cleared the transaction.

Court Disposition

cleared

Orders

  • The proposed acquisition of sole control of Singlepoint Holdings Limited by Version1 Software Limited is cleared.