CELEX: 32014M7470
Language: en
Date: 2014-12-18 00:00:00
Title: Commission Decision of 18/12/2014 declaring a concentration to be compatible with the common market (Case No COMP/M.7470 - SCHIBSTED / TELENOR / SOBAZAAR JV) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 18.12.2014
                                        C(2014) 10201 final

                                        [pic][pic]

|To the notifying parties:                                              |                                                                       |
|                                                                       |                                                                       |

Dear Sirs,

Subject:    Case M.7470 – SCHIBSTED/ TELENOR/ SOBAZAAR JV
         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]

   1. On 24 November 2014, the European Commission received notification of a  proposed  concentration  pursuant  to  Article  4  of  the  Merger
      Regulation by which the undertakings Schibsted ASA ('Schibsted', Norway) and Telenor ASA ('Telenor', Norway) acquire within the meaning  of
      Article 3(1) (b) of the Merger Regulation joint control of SoBazaar ANS ('SoBazaar', Norway), a newly created company constituting a  joint
      venture, by way of purchase of shares.[3]

   2. The business activities of the undertakings concerned are:

       – for Schibsted: various activities in the media sector, including print and online media;

       – for Telenor: various services in the fields of telecommunications, television, broadcasting and internet;

       – for SoBazaar: online social fashion platform that Telenor currently operates under the brand SOBAZAAR.

   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) and 5(b) 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)
                                        Alexander ITALIANER
                                        Director-General

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[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 432, 02.12.2014, p. 7.

[4]   OJ C 366, 14.12.2013, p. 5.

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE