VTech / LeapFrog merger inquiry

The CMA investigated the completed acquisition by VTech Holdings Limited of LeapFrog Enterprises Inc.

Phase 2

Administrative timetable

Date of referral: 30.8.16

Statutory deadline: 13.2.17

Full administrative timetable

Contact

vtech.leapfrog@cma.gsi.gov.uk

Final report

Provisional findings

9 December 2016: The CMA has provisionally cleared VTech’s acquisition of LeapFrog.

Analysis

Customer research survey: CMA-commissioned research

Evidence

The publication of the evidence of any party on the CMA’s webpages does not indicate in any way endorsement by the CMA of the views expressed in the evidence or acceptance of that evidence. Publication in this way is designed to assist public understanding of the issues.

Hearing summaries

Initial submission

Directions to appoint monitoring trustee

20 September 2016: On 19 September, the CMA directed VTech Holdings Limited, pursuant to the interim order dated 8 September, to appoint a monitoring trustee.

Issues statement

16 September 2016: The issues statement sets out the scope of the inquiry. It outlines initial theories on what might be adversely affecting competition, but it does not set out findings or conclusions.

Interim order

9 September 2016: On 8 September 2016, the CMA made an interim order under section 81(2) of the Enterprise Act 2002 on VTech Holdings Limited, in relation to the acquisition by VTech Holdings Limited of LeapFrog Enterprises, Inc.. The initial enforcement order of 12 May 2016 will cease to be in force on the date of making this order by virtue of section 72(6) of the Act.

Amendments/consents granted:

Inquiry group appointed

The CMA appointed the inquiry group on 30 August 2016.

Philip Marsden (Inquiry Chair), Lesley Ainsworth, Graham Sharp and Jon Stern.

Terms of reference

30 August 2016: The CMA has referred the completed acquisition by VTech Holdings Limited of LeapFrog Enterprises Inc.

Phase 1

Phase 1 date Action
18 August 2016 Decision announced
24 June to 8 July 2016 Invitation to comment
24 June 2016 Launch of merger inquiry
12 May 2016 Initial enforcement order
27 April 2016 Initial enforcement order

Reference decision

Reference unless undertakings accepted

Launch of merger inquiry

24 June 2016: The CMA announced the launch of its merger inquiry by notice to the parties.

Initial enforcement order

12 May 2016: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on VTech Holdings Limited in relation to the completed acquisition by VTech Holdings Limited of LeapFrog Enterprises Inc.

Initial enforcement order

27 April 2016: The CMA served an initial enforcement order under section 72(2) of the Enterprise Act 2002 on VTech Electronics Europe plc and Vtech Holdings Ltd in relation to the completed acquisition by VTech Holdings Limited of LeapFrog Enterprises Inc.

Amendments/consents granted

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