Transaction details
proposal whereby Setanta Media Holdings Limited (“Setanta”) would acquire approximately 75 per cent of the issued share capital of
NASN Limited (“NASN”). On the same day, the Authority was notified of the
related transaction, whereby it is proposed that Benchmark Europe II, L.P., would
acquire approximately 48.25% of NASN Limited from Setanta. It is intended
that the second transaction will be completed on the same day as comp letion of
the first transaction. The Authority advised the Minister and the parties that it
considers the transactions to be media mergers.
| Economic sector | Media merger |
| Media | Yes |
Notification date: Thursday, June 9, 2005
| Parties Involved | Business activities |
| Setanta | broadcasting of televised sporting events |
| NASN | produces and operates a specialist television channel dedicated to N.American sports |
| Vallbury Limited | |
| Cassidys Family Pharmacies Limited | |
|
Current status |
Completed |
Preliminary investigation (Phase 1) |
Decision date: Friday, July 8, 2005
