CMA consults on Future undertakings

The Competition and Markets Authority has opened a consultation on undertakings proposed by Future to address competition concerns over its acquisition of Miura (Holdings).

On 7 October, the CMA announced that it would refer the acquisition for an in-depth investigation unless Future offered acceptable undertakings to address the CMA’s concerns.

To address the CMA’s concerns, Future plc has offered to divest the business of the title SciFiNow.

On 20 October, the CMA announced that it would look in detail at these undertakings. The CMA has until 16 December to consider whether to accept the undertakings, or a modified version of them.

As part of this process, the CMA is now consulting publicly on whether the proposals are sufficient to address the CMA’s competition concerns.

Before reaching a final decision, the CMA is inviting interested parties to make their views known. The deadline for responses is 9 November.

The consultation on the undertakings and all other information relating to this merger investigation can be found on the case page at www.gov.uk/CMA.

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