Merger cleared - Sky may acquire a participation in Sport1
Today the Bundeskartellamt cleared the acquisition of a minority share in the sports channel Sport1 by Sky Deutschland. The transaction also involves the acquisition of a minority share in Constantin Sport Marketing GmbH (CSM) and the takeover of Plazamedia GmbH TV- und Filmproduktion. The seller in each case is the Constantin Medien Gruppe.
Andreas Mundt, President of the Bundeskartellamt:
"Ultimately, the merger project did not give any substantial cause for concern. Although Sky has a paramount market position in the pay TV sector, this is not materially strengthened by the planned acquisition."
Sport1 mainly operates the free TV channel Sport1 and the online portal Sport1.de. In addition it offers several small sports-related pay TV channels that are distributed by Sky and other platforms. CSM markets TV advertising time and online advertising space, mainly for Sport1 but also for third parties. Plazamedia is predominantly active as a producer of sports programmes.