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Merger of Stundin and Kjarninn

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  • Case number: 2/2023
  • Date: 17/2/2023
  • Company:
    • Útgáfufélagið Stundin ehf.
    • Kjarninn miðlar ehf.
  • Sectors:
    • Telecommunications, IT and media
  • Policy Area:
    • Mergers
  • Summary

    A decision was taken in regards to the merger of Stundin and Kjarninn. The activities of the merging parties do not overlap in such a way that there was a reason for intervention.

    The markets of the case included (a) the publication of web media, (b) the publication of newspapers and (c) the sale of advertisements in the media .

    After investigation it was concluded that there was no reason for intervention, as there was no evidence that a market dominant position as a market dominant position was not being created or strengthened, or that competition was being disrupted in other respects in a significant way. The merger would not have a detrimental effect on pluralism and/or diversity in the media, cf. provision in media law. For that reason, it was the conclusion of the Competition Authority that there were no grounds for intervention due to the merger.