Merger Notification - Announcement according to § 10 Cartel Act
Pinnacle Media Ventures, LLC, Pinnacle Media Ventures II, LLC, and Pinnacle Media Ventures III LLC; RedBird Capital Partners Management LLC; National Amusements, Inc.; Paramount Global
BWB/Z-6792
On 06.12.2024 the Austrian Federal Competition Authority was notified of the following merger:
Planned purchase process
The Ellison Family (U.S.) and RedBird Capital Partners Management LLC (U.S.) intend to indirectly acquire all of the shares and voting rights in and joint control over National Amusements, Inc. (U.S.). In addition, the Ellison Family will indirectly acquire sole control over Paramount Global. The majority of the voting stock of Paramount Global is currently held by National Amusements, Inc. (U.S.), together with its wholly-owned subsidiaries.
The concentration concerns the production and supply of audio-visual content.
Affected industries: Motion picture, video and television programme activities; Television programming and broadcasting activities and Advertising.
J - PUBLISHING, BROADCASTING, AND CONTENT PRODUCTION AND DISTRIBUTION ACTIVITIES M - REAL ESTATE ACTIVITIES
Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 03.01.2025.
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 04.01.2025 .