Competition Authority reviews purchase of media monitoring company

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The Swedish news agency, TT, purchased the Retriever media monitoring company in August 2009. The Competition Authority has now decided to order TT to submit the acquisition for review.

Notification of the merger is not required under present rules (Retriever’s turnover is less than SEK 200 million). The Competition Authority can, however, request such a notification and review the merger if there are special reasons for such a course, and has chosen to do so in the present case.

TT is thereby obliged to report the purchase of Retriever to the Competition Authority. Once the notification has been received, the Competition Authority will review the matter under the Competition Act.

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