19/12/2014 (Agence Europe) - Telenor ASA and Schibsted ASA's acquisition of SoBazaar gets go-ahead. On Friday 19 December, the European Commission gave the go-ahead to the planned creation of the joint venture SoBazaar ANS by Schibsted ASA and Telenor ASA, all of Norway. The joint venture will operate an online social fashion ecommerce platform. The business is currently operated by Telenor under the brand SOBAZAAR. Schibsted is active in the media sector, including both print and online media. Telenor is active in various services in the fields of telecommunications, television, broadcasting and internet. The Commission concluded that the proposed transaction would not raise competition concerns, in particular because the joint venture's activities within the European Economic Area (EEA) will be negligible and the parties' activities do not overlap. (EL)