The Commission concluded that the proposed acquisition would raise no competition concerns, because of the companies' low combined market shares and the presence of a number of strong competitors.

The European

The European, billed as "Europe's first national newspaper", was a British weekly newspaper founded by Robert Maxwell. It lasted from 11 May 1990 until December 1998. Time magazine reported that Maxwell originally envisioned a daily with a circulation of 650,000, but by the launch date plans had been cut down to a more realistic weekly with circulation of 225,000. In reality, the circulation peaked at 180,000, over half of which was British. The Barclay brothers bought the newspaper in 1992, investing an estimated $110 million and in 1996 transforming it into a high-end tabloid format oriented at the business community edited by Andrew Neil. In 1996, the London-based European had a staff of 70 in London, 3 in Brussels, 1 in Paris, 1 in Berlin, 1 in Moscow, as well as a network of 100 freelance writers throughout Europe.

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