18/06/2013 (Agence Europe) - Time Warner to take over of CME. On 14 June, the European Commission cleared the proposed acquisition by Time Warner of the United States of Central European Media Enterprises (“CME”), based in Bermuda, which is active in television broadcasting and other media sectors, primarily in Eastern Europe and the Balkans. The Commission examined the effects of the proposed transaction on competition in the markets for the licensing of audio-visual TV content, the wholesale supply of TV channels, the sale of TV advertising, the licensing and distribution of films for theatrical release, and the licensing and distribution of home entertainment content in countries where CME is active. The Commission's investigation found that the parties' activities do not overlap and that there would be very limited increment in market share arising from the proposed transaction. The Commission equally dismissed any vertical concerns in each of the sectors affected by the proposed transaction. (FG/transl.fl)