Acquirer(s)
- FremantleMedia Group
Target(s)
- Beyond International Limited
Summary
FremantleMedia Group (Fremantle) acquired 19.99% of the issued share capital in Beyond International Limited (Beyond)Market definition
For the purposes of the competition analysis in this matter, the ACCC did not consider it necessary to form a definitive view on market definition. The acquisition was considered in the context of:- the production of Australian television content; and
- the acquisition and international distribution of Australian television content.
Competition analysis
On 20 November 2008, the ACCC formed the view that the acquisition was unlikely to substantially lessen competition in any relevant market. The ACCC formed the view that, given the size of the shareholding and the composition of the Beyond Board of Directors, Fremantle would be unlikely to be in a position to exercise substantial control in relation to Beyond.Timeline
| Date | Event |
|---|---|
FremantleMedia Group acquired a 19.99% interest in Beyond International Limited. |
|
ACCC became aware of the acquisition. ACCC commenced review under the Merger Review Process Guidelines. |
|
ACCC requested further information from FremantleMedia Group, ACCC timeline suspended. |
|
Initial closing date for submissions from interested parties. |
|
Revised closing date for submissions from interested parties, amended to allow for receipt of information from interested parties and FremantleMedia Group. |
|
ACCC received further information from the parties. ACCC timeline recommenced. |
|
ACCC announced it would not oppose the acquisition. |