Velti plc / Mobile Interactive Group (MIG)

OFT closed case: Completed Acquisition by Velti plc of Mobile Interactive Group (MIG).

From:
Competition and Markets Authority
Published
3 April 2012
Case type:
Mergers
Case state:
Closed
Market sector:
Telecommunications
Outcome:
Mergers - phase 1 found not to qualify
Closed:
3 April 2012

Affected market: Mobile marketing activities

No. ME/5318/12

Found not to qualify.

On the basis of the information available to it, the Office of Fair Trading has decided that the completed acquisition of MIG by Velti plc does not qualify for investigation under the mergers provisions of the Enterprise Act 2002 (the Act), because neither the UK turnover test nor the share of supply test in section 23 of the Act is met.  A relevant merger situation has, therefore, not been created.

Published 3 April 2012