CELEX: 32014M7447
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.7447 - TELENOR / SPH / SCHIBSTED / NASPERS BUSINESS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

|[pic]                             |EUROPEAN COMMISSION                                                                                      |

                                        Brussels, 18/12/2014
                                        C(2014) 10199 final

                                        [pic]

|                                                                       |To the notifying partyies:                                             |

Dear Sirs,

Subject:    Case M.7447 – TELENOR/ SPH/ SCHIBSTED/ NASPERS BUSINESS
         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 19 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), Singapore Press Holdings Ltd ("SPH", Singapore), and  Telenor  ASA
    ("Telenor", Norway) acquire within the meaning of Article 3(1)(b)  of  the  Merger  Regulation  joint  control  of  the  online  classifieds
    businesses in Malaysia, Thailand and Vietnam of Naspers Limited ("Naspers", South Africa), by way of purchase of assets. The acquisition  of
    Naspers businesses in Malaysia and Vietnam takes place through 701 Search Pte Ltd ("701", Singapore), a joint venture between Schibsted, SPH
    and Telenor.[3]

 2. The business activities of the undertakings concerned are:

  – for Telenor: mobile and fixed telecommunications services;

  – for Schibsted: print online media services and online classified services;

  – for Singapore Press Holdings: publication of newspapers,  including  the  provision  of  online  news  content,  online  classifieds,  radio
    broadcasting, event organisation, out of home advertising and property management;

  – for 701: online classified services;

  – for Naspers: internet services, including e-commerce services, such as online  retail,  online  marketplaces,  online  comparison  shopping,
    payments and other online services; pay television services and print media.

 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 paragraphs 5(a) and (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 427, 28.11.2014, p. 9.

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

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                                                                  PUBLIC VERSION

                                                           SIMPLIFIED MERGER PROCEDURE