Merger Notification - Announcement according to § 10 Cartel Act

Sony Music Entertainment; AWAL und Kobalt Neigbouring Rights - BWB/Z-5262 | Bundeswettbewerbsbehörde

Sony Music Entertainment; AWAL und Kobalt Neigbouring Rights

BWB/Z-5262

16.02.2021

On 15.02.2021 the Austrian Federal Competition Authority was notified of the following merger:

Planned purchase process

Sony Music Entertainment, a wholly-owned subsidiary of Sony Corporation of America, intends to acquire all shares in and thereby sole control over AWAL and Kobalt Neighbouring Rights, two businesses currently owned by Kobalt Music Group Limited and active in the recorded music sector.


The concentration concerns the distribution of music and neighbouring rights administration services

Industry sector: S - Erbringung von sonstigen Dienstleistungen

Deadline for bringing in an application pursuant to § 11(1) Cartel Act will end on 15.03.2021.

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 16.03.2021 .

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