M/21/002 - Blackstone/Liftoff Mobile [2021] IECompA m21002 (15 February 2021)

M/21/002 - Blackstone/Liftoff Mobile [2021] IECompA m21002 (15 February 2021)

The transaction does not raise competition concerns and is cleared under Phase 1 merger review.

Parties
Acquirer: The Blackstone Group Inc.; Acquirer Subsidiary: Booster Parent Holding Inc.; Target: Liftoff Mobile Inc.
Jurisdiction
Ireland
Judgment Date
15 February 2021
Procedural Posture
Merger Control / Phase 1 Clearance
Outcome
Cleared
Legal Topics
Merger Control, Acquisition of Sole Control, Media Merger
Competition Law Merger Control Acquisition of Sole Control Media Merger

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Parties

The Blackstone Group Inc.

Acquirer

Booster Parent Holding Inc.

Acquirer Subsidiary

Liftoff Mobile Inc.

Target

Procedural Posture

Merger Control / Phase 1 Clearance

Legal Issues

  1. 1 Whether the acquisition of sole control of Liftoff Mobile Inc. by The Blackstone Group Inc. via Booster Parent Holding Inc. raises competition concerns under Irish merger control law.

Ratio Decidendi

The transaction does not raise competition concerns and is cleared under Phase 1 merger review.

Court Disposition

Cleared

Orders

  • The proposed transaction is cleared by the Competition and Consumer Protection Commission.