# m8664.docx

| | EUROPEAN COMMISSION |
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EUROPEAN COMMISSION

Brussels, 15.12.2017

C(2017) 8905 final

PUBLIC VERSION

To the notifying parties:

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

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,

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

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 compa

ny constituting a joint venture

.

3

2.The business activities of the undertakings concerned are:

2.

The business activities of the undertakings concerned are:

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

–

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

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 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 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.

–

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

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.

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)

For the

Commission

(

S

igned

)

Johannes LAITENBERGER
  Director-General

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.

OJ C 366, 14.12.2013, p. 5.