Press Release: Mergers: Commission approves proposed joint venture between SevenOne Media , G + J Electronic Media Service, Tomorrow Focus Portal and IP Deutschland

The European Commission cleared on 22 January 2010 under the EU Merger Regulation the proposed creation of a joint venture between the four German online-marketing agencies SevenOne Media (71m), a subsidiary of ProSiebenSat1, G + J Electronic Media Service (EMS)and IP Deutschland (IP), both subsidiaries of the Bertelsmann group,, and Tomorrow Focus Portal (TFP), a subsidiary of Hubert Burda Media. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.