Acquisition of nine outlets must satisfy body’s merger provisions
The Office of Fair Trading is investigating HMV’s acquisition of nine Zavvi stores.
The body said in a statement that it was ‘considering whether arrangements are in progress or in contemplation which, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002.
‘Should it be found to be a relevant merger situation, the OFT will further consider whether the creation of that situation may be expected to result in a substantial lessening of competition within any market or markets in the United Kingdom for goods or services that warrants reference to the Competition Commission for investigation and report.’
HMV purchased the stores last month.
Advertisement
Comments
GAME & STATION
Investigating 9 stores??? come on they approved Game/Gamestation and that was a blatent mistake
Re: GAME & STATION
What is there to investigate?
Keep tens of jobs?
Help keep the economy going?
I'm sure it will be allowed, but I suppose with all the bull**** legislation and so on, they have to waste money "investigating" it... (I dunno, I'm just speculating)
Leave a Comment
HOT TOPICS
Religious leaders slam Modern Warfare 2 131
Microsoft hails its ‘killer weapon’ in battle with PS3 and Wii 79
The Producers pulls out of Trilogy partnership 30
Russia pulls Modern Warfare 2 from sale? 16
Xbox Live class action begins 15
The Hut rebuffs AC2 date break claims 14
MW2 sales pass $550m worldwide 13
60% of UK 360s have failed 13
Facebook hitting PS3 today 8
Call of Duty inspires new retailers 7
RELATED STORIES
HMV snaps up 14 Zavvi stores 4
HMV keen on more Zavvi stores
Zavvi redundancies top 1,000 2
Zavvi ceases trading on High Street
Summer sales madness grips UK 5
HMV joins the British Retail Consortium 1
Trade rocked by HMV assault on pre-owned 36
HMV enjoys ‘best ever Christmas’ 1
HMV saves 269 jobs at Zavvi 1
‘Exciting’ Zavvi news on the way 3
ABOUT US
MCV is the leading trade news and community site for all professionals working within the UK and international video games market. It reaches everyone from store manager to CEO, covering the entire industry. MCV is published by Intent Media, which specialises in entertainment, leisure and technology markets