The acquisition by 365 Miðlar ehf. of the radio stations Kiss FM and XFM from Íslenska útvarpsfélagið ehf.

By letter dated 15 January 2007, the Competition Authority was notified of the acquisition by 365 miðla ehf. of all the equipment that had been used to operate the radio stations Kiss FM and XFM, which was owned by Íslenska útvarpsfélagið ehf., along with the „logos“ of both stations and their call signs. In the opinion of the Competition Authority, the acquisition constitutes a merger within the meaning of Articles 4 and 17 of the Competition Act, and the merger is subject to the merger control of Article 17 of the Act as the turnover thresholds of the provision are met. However, the Competition Authority's observations do not indicate that the agreement will distort competition. In light of this, the Authority considers that there is no reason to take further action regarding the merger under section 17 of the Competition Act.