EC Statement: Commission initiates detailed inquiry into Lagardère's acquisition of VUP
( June 5, 2003, 17:00 GMT | Official Statement) -- The Commission has initiated a detailed inquiry into the planned acquisition of Vivendi Universal Publishing (VUP) by the French group Lagardère; the two groups are the two largest publishers of French-language books. At this stage the Commission has serious doubts about the impact of the transaction on several markets, including the markets in publishing rights and the distribution and sale of books.The Commission has initiated a detailed inquiry into the planned acquisition of Vivendi Universal Publishing (VUP) by the French group Lagardère; the two groups are the two largest publishers of French-language books. At this stage the Commission has serious doubts about the impact of the transaction on several markets, including the markets in publishing rights and the distribution and sale of books. As it has opened a detailed inquiry, the Commission takes the view that under the Merger Regulation there is no need at this stage to decide on the request made by the French Government that the case be referred to the French authorities....
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