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Competition Office clears publishersʼ acquisition of subscription delivery service

Deals

Hungaryʼs Competition Office (GVH) said today that it had cleared the acquisition of subscription delivery company Magyar Előfizetői Vagyonkezelő (MEV) by publishers Mediaworks and Népszabadság.

GVH approved the acquisition on the condition that Mediaworks and Népszabadság allow competitors to use MEVʼs services and do not reveal MEVʼs trade secrets for a period of two years.

GVH also fined Mediaworks and Népszabadság HUF 81 mln for initially failing to request the approval of the transaction.

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