CELEX: 32021M10220
Language: en
Date: 2021-05-10 00:00:00
Title: Commission Decision of 10/05/2021 declaring a concentration to be compatible with the common market (Case No COMP/M.10220 - TPG CAPITAL / AT&T / AT&T US VIDEO BUSINESS) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

EUROPEAN COMMISSION
                                                                Brussels, 10.05.2021
                                                                C(2021) 3434 final
                                                                                 PUBLIC VERSION
                                                                TPG Partners VIII, L.P.
                                                                301 Commerce Street
                                                                Suite 3300, Fort Worth
                                                                TX 76102
                                                                United States
                                                                AT&T Inc.
                                                                208 S.Akard Street Dallas
                                                                Texas 75202
                                                                United States
Subject:        Case M.10220 – TPG CAPITAL / AT&T / AT&T US VIDEO BUSINESS
                Commission decision pursuant to Article 6(1)(b) of Council Regulation
                                       1
                (EC) No 139/2004 and Article 57 of the Agreement on the European
                                    2
                Economic Area
Dear Sir or Madam,
1.      On 7 April 2021, the European Commission received notification of a proposed
        concentration pursuant to Article 4 of the Merger Regulation by which TPG Capital
        (United States) and AT&T Inc. (United States) acquire within the meaning of Article
        3(1)(b) and Article 3(4) of the Merger Regulation joint control over the whole of
        AT&T’s US video business (United States) by way of purchase of shares.3
2.      The business activities of the undertakings concerned are:
             for TPG: a private investment firm that manages a family of funds that invest in a
              variety of companies worldwide through acquisitions and corporate
              restructurings,
             for AT&T: a provider of telecommunications, media and technology services.
              AT&T currently owns AT&T’s US video business,
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 103, 16.04.2021, p11.
Commission européenne, DG COMP MERGER REGISTRY, 1049 Bruxelles, BELGIQUE
Europese Commissie, DG COMP MERGER REGISTRY, 1049 Brussel, BELGIË
Tel: +32 229-91111. Fax: +32 229-64301. E-mail: COMP-MERGER-REGISTRY@ec.europa.eu.
 ---pagebreak---        for AT&T’s US video business: a provider of direct broadcast satellite services,
        multichannel television services and digital video services to customers in the
        United States. AT&T’s US video business also sells advertising on its distribution
        platforms.
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)
                                                  Olivier GUERSENT
                                                  Director-General
4  OJ C 366, 14.12.2013, p. 5.
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