Merger Notification - Announcement according to § 10 Cartel Act
New Mountain Capital, LCC; Broadcast Music, Inc.
BWB/Z-6450
On 18.12.2023 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
New Mountain Capital, LLC (United States) through one of its funds, intends to indirectly acquire a controlling interest in Broadcast Music, Inc. (United States). The concentration concerns the services of music performing rights licensing organizations.
ÖNACE Code: Sound recording and music publishing activities.
Industry sector: J - Information und Kommunikation
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 15.01.2024.
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 16.01.2024 .