No more monsieur sympa—Mr. Nice Guy—at the Autorité de la Concurrence, France’s antitrust watchdog. In September the AdC shocked the French corporate world by withdrawing its 2006 authorization for the merger of France’s two largest pay satellite television providers—CanalSat, owned by market leader Canal+ Groupe, and Télévision Par Satellite (TPS). The AdC said that the companies failed to uphold several conditions required for approval of the deal. The authority gave Canal+ a choice: dismantle the merger, or apply for authorization again.
Canal+ reapplied in October, and also filed an appeal with the Conseil d’État, the highest judicial review body in France. While there is no timeline for the appeal, the AdC will likely make a new decision by March, this time taking into account the changes to the satellite TV market since 2006. And because of the alleged noncompliance, the AdC will likely impose stricter conditions.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
