LN-Gaiety / Isle of Wight Festival merger inquiry

The CMA investigated and cleared the completed acquisition by LN-Gaiety Holdings Limited (Live Nation) of Isle of Wight Festival Limited.

Statutory timetable

Phase 1 date Action
3 October 2017 Decision published
14 September 2017 Decision announced
5 July to 19 July 2017 Invitation to comment
5 July 2017 Launch of merger inquiry
24 April 2017 Initial enforcement order

Phase 1

CMA clearance decision

14 September 2017: The CMA has cleared the completed acquisition by LN-Gaiety Holdings Limited (Live Nation) of Isle of Wight Festival Limited. The full text of the decision is available below.

Extension of the 4-month period and the preliminary assessment period

Invitation to comment: Now closed

5 July 2017: The CMA is considering whether it is or may be the case that this transaction has resulted in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, whether the creation of that situation has resulted, or may be expected to result, in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services.

Launch of merger inquiry

5 July 2017: The CMA announced the launch of its merger inquiry by notice to the parties.

Initial enforcement order

On 24 April 2017, the CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on LN-Gaiety Holdings Limited, in relation to the completed acquisition by LN-Gaiety Holdings Limited (Live Nation) of Isle of Wight Festival Limited.

Amendments/consents granted:

Contact

Please send written representations about any competition or public interest to:

Karina Kucaidze
Competition and Markets Authority
Victoria House
Southampton Row
London
WC1B 4AD

karina.kucaidze@cma.gsi.gov.uk

Published 25 April 2017
Last updated 3 October 2017 + show all updates
  1. Full text of the decision published.
  2. Clearance decision announced.
  3. Notice of termination of extension published.
  4. Notice of extension published.
  5. Invitation to comment issued and commencement of initial period notice published.
  6. Derogation published.
  7. Derogation published.
  8. Derogation and variation order published.
  9. Derogation published.
  10. Derogation published.
  11. Derogation published.
  12. First published.