Jurisdiction(s):
United Kingdom

Key definition

Acquisition definition

What does Acquisition mean? In VAT practice, an acquisition is the cross-border purchase or movement of goods between EU Member States where the goods are removed to another Member State and VAT is self-assessed in the destination by the acquirer (acquisition VAT). The term is defined in VAT legislation (UK: Value Added Tax Act 1994, as modified for Northern Ireland by the Windsor Framework/NI Protocol; Ireland: VAT Consolidation Act 2010) and also covers certain transactions treated as supplies of goods, such as a trader’s transfer of own goods across borders. Jurisdictional scope: In Ireland, intra-Community acquisitions apply in full. In the UK, the rules...

CMA Phase 2 merger decision: LN-Gaiety/MCD cleared unconditionally; Ticketmaster vertical foreclosure in Irish live music promotion, including Northern Ireland, found unlikely to result in an SLC

Published by a LexisNexis Competition expert

Practice notes

CASE HUB ARCHIVED

This archived case hub sets out the position as at the decision date of 19 December 2019; it is not being maintained. See the timeline for further details.

Case facts

Summary of a UK merger review into LN-Gaiety Holdings’ proposed Acquisition of MCD Productions. The deal presents vertical overlaps linked to the promotion of live music events in Northern Ireland.

Latest developments

On 19 December 2019, the CMA published its final report and approved the Transaction without conditions, following a detailed phase 2 investigation.

Parties

LN-Gaiety Holdings Limited (LN-Gaiety), a London-based joint venture between Live Nation Entertainment Inc (Live Nation) and Gaiety Investments, operates music festivals. Live Nation represents artists, runs venues and delivers ticketing services through Ticketmaster, which it owns. MCD Productions Unlimited Company (MCD), headquartered in Dublin, Ireland, stages music festivals and promotes live music events. MCD is currently owned by Gaiety.

Market(s)

The promotion of live music, specifically the following markets:

the supply of primary ticketing services (Ticketing Services) for live music events in Ireland, including Northern Ireland
the promotion of live music events with capacities above 1,000 (Live Music Events) in Ireland...

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Web page updated on 21/05/2026

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