The Autorité de la concurrence has just issued a decision in which it establishes that Canal Plus Group did not fulfill several commitments – including key ones – that were attached to the decision authorizing in 2006 the acquisition of TPS and CanalSatellite by Vivendi Universal and Canal Plus Group.
The Autorité de la concurrence therefore withdraws the decision authorizing the merger. Unless they restore the previous situation (before the merger), Vivendi and Canal Plus Group will have to renotify the transaction to the Autorité within one month. The Autorité noted the seriousness of the breaches established – that are the result of some negligence and, generally speaking, of a repeated lack of diligence and ill will from Canal Plus – as well as the harm to competition that may be generated by these breaches to the commitments. Therefore, the Autorité imposed Canal Plus Group a financial penalty amounting 30 million euros.