Future has announced an update regarding the acquisition of TI Media. The Competition and Markets Authority (‘CMA’) has found that the acquisition of TI Media does not raise competitive concerns subject to the sale of 3 closely competing products. The Group is now in discussions with the CMA on potential remedies to mitigate competitive issues and proceed with the transaction as soon as practicable. The update is in line with our expectations, with a prudent £10m revenue adj

16 Mar 2020
TI Media CMA update: progressing as expected

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TI Media CMA update: progressing as expected
Future plc (FUTR:LON) | 1,132 -101.9 (-0.8%) | Mkt Cap: 1,369m
- Published:
16 Mar 2020 -
Author:
Caspar Erskine -
Pages:
3 -
Future has announced an update regarding the acquisition of TI Media. The Competition and Markets Authority (‘CMA’) has found that the acquisition of TI Media does not raise competitive concerns subject to the sale of 3 closely competing products. The Group is now in discussions with the CMA on potential remedies to mitigate competitive issues and proceed with the transaction as soon as practicable. The update is in line with our expectations, with a prudent £10m revenue adj