Brussels, 25 August 2022
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by RTL Deutschland GmbH (‘RTL’) and Seven. One Entertainment Group GmbH (‘Seven.One’), both of Germany. The joint venture will foster optimized accessibility and implementation of pre-existing non-proprietary technical standards on addressable TV (‘ATV’) technology. In particular, the joint venture will provide broadcasters and consumer electronics manufacturers with app-based tools that enable them to test and certify that their respective ATV technologies match its technical implementation requirements. RTL and Seven. One are both active in TV and online entertainment as well as production and broadcasting services. The Commission concluded that the proposed transaction would raise no competition concerns, given the limited revenues and assets of the joint venture in the European Economic Area. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.10681.
Source – EU Commission