M/14/003 – Future / Wrapports / Aggrego
Transaction details
The proposed acquisition of joint control of Aggrego Services LLC by Future Holdings Limited and Wrapports Ventures LLC has been cleared by the Competition Authority.
| Notification date | Decision date |
|---|---|
| Monday January 27, 2014 | Monday, February 24, 2014 |
| Parties Involved | Business activities |
|---|---|
| Future Holdings Limited | Future, which is part of the Digicel group is in turn controlled by Denis O'Brien who also controls the Communicorp group. The Communicorp group owns and operates radio stations in Ireland, Czech Republic, Hungary, Bulgaria, Latvia and Jordon. |
| Wrapports Ventures, LLC | Wrapports Ventures, LLC is a direct subsidiary of Wrapports, LLC. Sun-Times Media Holdings, LLC, which is ultimately controlled by Wrapports, LLC, operates through its subsidiaries Chicago's largest locally owned newspaper network. |
| Aggrego Services Limited | Aggrego is a media-technology company that seeks to blend new technology with traditional media business elements and components. |
| Economic sector | Media merger |
|---|---|
| The industry sector involved is the market for the sale of online advertising in the Caribbean, South Pacific, Central America and the US. | Yes |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, February 6, 2014 | |
| Current status: Completed |
|---|
| None |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Elaine Cahill | Tel: 01-804 5482, e-mail: ec@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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