EU Commission clears acquisition of Naspers' online classifieds businesses in Asia by Schibsted, Telenor and Singapore Press Holdings - as well as acquisition of Brazilian online classified business by Schibsted, Telenor and Naspers

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The European Commission has approved under the EU Merger Regulation the acquisition of joint control over the online classifieds businesses of Naspers in Malaysia, Thailand and Vietnam by Schibsted ASA of Norway, Telenor ASA of Norway and Singapore Press Holdings Ltd of Singapore. Schibsted and Singapore Press Holdings are international media groups, while Telenor is a telecommunications operator. The Commission concluded that the proposed acquisition would not raise competition concerns given that the target business will only operate in Malaysia, Thailand and Vietnam and thus outside the European Economic Area (EEA). Moreover, the companies' activities do not overlap. The operation was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.7447.

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Also, the European Commission has approved under the EU Merger Regulation the acquisition of joint control over Bomnegocio Ativades Ltda of Brazil by SnT Classifieds ANS of Norway and Naspers Limited of South Africa. Bomnegocio, currently solely controlled by SnT, provides online classified services in Brazil. SnT is a joint venture between Schibsted ASA, an international media group, and Telenor ASA, a telecommunications operator, both of Norway. Naspers is a broad-based global multimedia group. The Commission concluded that the proposed acquisition would not raise competition concerns given that Bomnegocio will only operate in Brazil and thus outside the European Economic Area (EEA). Moreover, the companies' activities do not overlap. The operation was examined under the simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.7446.




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