The Swedish and Finnish competition authorities have opened Phase 2 investigations into the proposed acquisition by TV4 of C More Group. TV4 is part of the Swedish Bonnier corporation and broadcasts a number of channels in Sweden and Finland. C More is a leading pay TV operator in the Nordic countries, currently owned by the German ProSiebenSat.1 media conglomerate. The authorities seek to determine whether the transaction would create a dominant position in the Nordic pay TV market and in the acquisition of broadcasting rights.