Commission Decision of 20/06/2007 declaring a concentration to be compatible with the common market (Case No IV/M.4669 - GE / NEWSCORP / JV) according to Council Regulation (EEC) No 4064/89 (Only the English text is authentic) Brussels, 20/06/2007 SG-Greffe(2007) D/203671 To the notifying party: Dear Madams and Sirs, Subject: Case No. COMP/M.4669 – GE/NEWSCORP/JV Notification of 11 May 2007 pursuant to Article 4 of Council Regulation (EC) No. 139/2004 [1] Publication in the Official Journal of the European Union No. C 125, 6 June 2007, page 7 1. On 11 May 2007, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No.
139/2004 by which the undertakings General Electric Company (“GE”, USA) and News Corporation (“NewsCorp”, USA) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control in a newly created company constituting a joint venture (“JV”, USA) by way of purchase of shares. The business activities of the undertakings concerned are: - for undertaking GE : Infrastructure, industrial products, finance, healthcare, media and entertainment; - for undertaking NewsCorp : Entertainment, television, newspapers, magazines, book publishing; - for undertaking JV : TV and film entertainment over the internet.
2. After examination of the notification, the Commission has concluded that the notified operation falls within the scope of Council Regulation (EC) No. 139/2004 and of paragraph 5, subparagraph b, of the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No. 139/2004 [2]. 3. For the reasons set out in the Notice on a simplified procedure, the Commission has decided not to oppose the notified operation and to declare it compatible with the common market and with the EEA Agreement. This decision is adopted in application of Article 6(1)(b) of Council Regulation (EC) No.
139/2004. For the Commission signed Philip LOWE Director General [1] OJ L 24, 29.1.2004 p. 1 [2] OJ C 56, 05.3.2005 p.32 --------------------------------------------------