The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control over Verizon Media Group, consisting of Verizon Media Netherlands B.V. of the Netherlands and Oath Inc. of the US, by Apollo Management LP of the US Verizon Media Group includes diverse media and technology brands that serve both consumers and businesses.
Apollo Management is an investment fund that invests in companies active in various sectors, including education, insurance and financial services. The Commission concluded that the proposed acquisition would raise no competition concerns, given the very limited horizontal overlaps and vertical links between the activities of the companies. The transaction 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.10318.