Merger Notification - Announcement according to § 10 Cartel Act
Goldman Sachs & Co. LLC; Kahoot! ASA
BWB/Z-6334
On 28.07.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
Investment funds and vehicles managed by the Asset Management business within Goldman Sachs & Co. LLC ("GS&Co"), United States, and its affiliates as well as entities that are 100 % affiliated with GS&Co, intend to acquire 56.09 % of the shares in and sole control over Kahoot! ASA, Norway.
Economic Sector: Computer programming activities.
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 25.08.2023.
Entrepreneurs whose legal or economic interests are affected by the merger can bring in a written statement at the Federal Competition Authority or the Federal Cartel Prosecutor within 14 days from publication date.
Note: The intervening party has no right to a certain treatment of the statement and will not gain a party position.
Non-prohibition of the merger
The Federal Competition Authority and the Federal Cartel Prosecutor have not applied for examination of the merger by the Cartel Court. The standstill obligation (§ 17 (1) Cartel Act) ends with effect from 26.08.2023 .