Budapest, 22 September 2020 – The Hungarian Competition Authority (GVH) has terminated its investigation of the merger of Magyar RTL Televízió Zrt. and Central Digitális Média Kft. During the investigation, the GVH has become aware that the parties are no longer in agreement with regard to the merger, thus the proceeding is no longer necessary.
In September 2016, Magyar RTL Televízió Zrt. (M-RTL) entered into an agreement regarding the acquisition of 30% of Central Digitális Média Kft., however, this merger was not authorised by the GVH in accordance with the special administrative resolution of the Media Council.
Following this decision, M-RTL took the case to court, where the competition authority was ordered to conduct a new procedure.
During the repeated proceeding of the competition authority, it has found that the vendor, i.e. Central Group no longer intends to execute the transaction. Since the proceeding is no longer necessary given the lack of agreement between the parties, the competition authority has terminated its investigation.
The official registration number of the case is: VJ/8/2020.
GVH Press Office