M/19/040 – DMG/JPIMedia
Transaction details
The proposed acquisition whereby DMG Media Limited will acquire sole control of JPIMedia Publications Limited has been cleared by the Competition and Consumer Protection Commission.
CCPC Statement 10 January 2020: DMG Media Limited acquisition of JPIMedia Publications Limited
On 29 November 2019, in accordance with section 18(1)(b) of the Competition Act 2002, as amended, (the Competition Act) the Competition and Consumer Protection Commission (the CCPC) received a notification of a proposed acquisition whereby DMG Media Limited, a wholly owned subsidiary of Daily Mail and General Trust Plc, would acquire the entire issued share capital and thus sole control of JPIMedia Publications Limited, a wholly owned subsidiary of JPIMedia Limited.
Following enquiries by the CCPC, Daily Mail and General Trust Plc confirmed that the acquisition was put into effect on 29 November 2019. By implementing the acquisition before receiving clearance from the CCPC, Daily Mail and General Trust Plc and JPIMedia Limited have infringed section 19(1) of the Competition Act. Consequently, as provided for by section 19(2) of the Competition Act this acquisition is void.
| Notification date | Decision date |
|---|---|
| Friday November 29, 2019 | Tuesday, March 10, 2020 |
| Parties Involved | Business activities |
|---|---|
| DMG Media Limited | DMG Media Limited is a wholly owned subsidiary of Daily Mail and General Trust Plc (DMGT). DMG Media Limited owns and operates DMGT's consumer media business. DMGT operates a number of businesses in the State which involve the publication of localised Irish newspapers (the Irish Daily Mail and the Irish Mail on Sunday), as well as a number of websites. |
| JPIMedia Publications Limited | JPIMedia Publications Limited is a UK company which owns and operates the i Newspaper, a UK based daily newspaper and its associated website inews.co.uk. |
| Economic sector | Media merger |
|---|---|
| Media | Yes |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, December 12, 2019 | |
| Date of Requirement for Information | Date Information Received |
|---|---|
| Friday, January 10, 2020 | Friday, February 7, 2020 |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Barry O'Donnell | Email: barryodonnell@ccpc.ie |
| Craig Whelan | Email: craigwhelan@ccpc.ie |
Media enquiries: communications@ccpc.ie
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