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Document 32017M8664

    Commission Decision of 15/12/2017 declaring a concentration to be compatible with the common market (Case No COMP/M.8664 - WME IMG / PERFORM / PIMGSA) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

    Legal status of the document In force

    Date of document:
    15/12/2017
    Date of effect:
    15/12/2017; Takes effect Date notif.
    Date of end of validity:
    No end date
    Author:
    European Commission, Directorate-General for Competition
    Responsible body:
    COMPETITION
    Form:
    Decision
    Addressee:
    WME Entertainment Parent, LLC., Perform Group Limited, PIMGSA LLP
    Additional information:
    NACE=J59.01.03#NACE=J60.02.00 (See 32006R1893)
    Authentic language:
    English
    Treaty:
    Treaty on the Functioning of the European Union
    Legal basis:
    Link
    Link
    Link
    Select all documents mentioning this document
    Related document(s):


    EUROPEAN COMMISSION

    Brussels, 15.12.2017

    C(2017) 8905 final

    PUBLIC VERSION

    To the notifying parties:

    Subject:Case M.8664 - WME IMG / PERFORM / PIMGSA
    Commission decision pursuant to Article 6(1)(b) of Council Regulation (EC) No 139/2004 1 and Article 57 of the Agreement on the European Economic Area 2  

    Dear Sir or Madam,

    1.On 23 November 2017, the European Commission received notification of a proposed concentration pursuant to Article 4 of the Merger Regulation by which Perform Group Limited and WME Entertainment Parent, LLC acquire within the meaning of Article 3(1)(b) and 3(4) of the Merger Regulation joint control of PIMGSA LLP (United Kingdom) by way of purchase of shares in a newly created company constituting a joint venture. 3

    2.The business activities of the undertakings concerned are:

    –for Access Industries, Inc.: a group of holding companies with interests in different industries,

    –for Perform Group Limited: holding company with subsidiaries that hold interests principally in digital sports content and media,

    –for Silver Lake Group, LLC: investment group focused on technology and media industries

    –for WME Entertainment Parent, LLC: company active globally in the sports, entertainment, media and fashion industries,

    –for PIMGSA LLP: a joint venture between Perform and WME that will be active in the commercialisation of South American football sports rights. 

    3.After examination of the notification, the European Commission has concluded that the notified operation falls within the scope of the Merger Regulation and of paragraph 5(a) of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004. 4

    4.For the reasons set out in the Notice on a simplified procedure, the European Commission has decided not to oppose the notified operation and to declare it compatible with the internal market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of the Merger Regulation and Article 57 of the EEA Agreement.

    For the Commission

    (    Signed)

    Johannes LAITENBERGER
    Director    -General

    (1)

       OJ L 24, 29.1.2004, p. 1 (the 'Merger Regulation'). With effect from 1 December 2009, the Treaty on the Functioning of the European Union ('TFEU') has introduced certain changes, such as the replacement of 'Community' by 'Union' and 'common market' by 'internal market'. The terminology of the TFEU will be used throughout this decision.

    (2)      OJ L 1, 3.1.1994, p. 3 (the 'EEA Agreement').
    (3)      Publication in the Official Journal of the European Union No C 406, 30.11.2017, p. 5.
    (4)

         OJ C 366, 14.12.2013, p. 5.

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