MGM MIRAGE / Wembley plc

OFT closed case: Anticipated acquisition by MGM MIRAGE of Wembley plc.

• From: Competition and Markets Authority
• Published: 15 March 2004

• Case type: Mergers
• Case state: Closed
• Market sector: Recreation and leisure
• Outcome: Mergers - phase 1 found not to qualify
• Closed: 15 March 2004

Affected market: Operation of sports arenas and stadiums

No. ME/1597/04

On the basis of the information available to it, the Office of Fair Trading has decided that the anticipated acquisition of Wembley plc by MGM MIRAGE does not qualify for investigation under the mergers provisions of the Enterprise Act 2002 (the Act), because neither the UK turnover test nor the share of supply test in section 23 of the Act is met.  A relevant merger situation has, therefore, not been created.

 

Published 15 March 2004