Mergers: Commission approves proposed joint venture between Samsung Electronics and Samsung SDI

The European Commission approved under the EU Merger Regulation the acquisition of joint control over a joint venture, Samsung Mobile Display, by Samsung Electronics and Samsung SDI, both of Korea. Samsung SDI had previously spun off its activities in the area of small and medium LCD panels and organic light-emitting diodes (“OLEDs”), a specific type of ultra thin, ultra bright display technology which does not require a backlight, into Samsung Mobile Display, which is currently solely controlled by Samsung SDI. The Commission concluded that the transaction would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it.