Miramax: acquisition of joint control by Viacom and beIN approved by the Commission
Viacom International Inc., of the US, is a global media and entertainment company. Along with beIN Corporation, a Qatari global sports and entertainment network, it has been given approval by the European Commission under the Merger Regulation, to go ahead with acquisition for joint control over MMX Media Finance, LLC (Miramax), of the US, an entertainment company that produces and distributes films and television shows.
The Commission came to its decision based on the limited horizontal overlaps and vertical links between the companies’ activities, finding no competition concerns would be raised.
For more information, read the Commission’s press release here.