Outbrain Inc. / Teads S.A. / Altice Teads S.A.
The CMA is investigating the anticipated acquisition by Outbrain Inc. of Teads S.A. and the acquisition by Altice Teads S.A. of a minority shareholding in Outbrain Inc.
Statutory timetable
| Phase 1 | Action |
|---|---|
| 5 February 2025 | Deadline for phase 1 decision (*) |
| 6 December 2024 | Launch of merger inquiry |
| 6 November 2024 to 20 November 2024 | Invitation to comment |
(*) This date is the current statutory deadline by when the decision will be announced. If any change occurs, the information is refreshed as soon as practicable. However, the CMA cannot guarantee that the decision will be announced on or before this current deadline, as the deadline of a given case may change during the merger assessment process due to different reasons.
Phase 1
Launch of merger inquiry
6 December 2024: The CMA announced the launch of its merger inquiry by notice to the parties.
- (6.12.24)
Preliminary invitation to comment: closed
6 November 2024: The CMA is considering whether it is or may be the case that this transaction, if carried into effect, will result in the creation of a relevant merger situation under the merger provisions of the Enterprise Act 2002 and, if so, 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.
The CMA is issuing this preliminary ‘invitation to comment’ to allow interested parties to submit to the CMA any initial views on the impact that the transaction could have on competition in the UK. The CMA has not yet launched its formal investigation into this transaction. This invitation to comment is the first part of the CMA’s information-gathering process, in advance of the CMA’s formal investigation starting.
The CMA may proactively contact companies and organisations that are active in the markets affected by the Merger or have valuable insights or evidence that could assist the CMA’s investigation.
To assist it with this assessment, the CMA invites comments on the merger from any interested party. These comments should be provided by the deadline set out above.
Contact
Case team email: outbrain.teads@cma.gov.uk
Your name and contact details are your personal data. In collecting, receiving, storing, accessing and using your personal data, the CMA, as controller, is processing your personal data. The CMA processes personal data in accordance with data protection law. The CMA is processing your personal data so that it can contact you again, should it need further help or information from you, in order to carry out its merger work under Part 3 of the Enterprise Act 2002. For more information about how the CMA processes personal data and your rights relating to that data, please see our Privacy Notice.
Updates to this page
Published 6 November 2024Last updated 6 December 2024 + show all updates
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Commencement note published.
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First published.