The Czech Office for the Protection of Competition has approved the
acquisition of the Ringier Axel Springer media group by businessmen Daniel
Křetínký and Patrik Tkáč, office’s director Peter Rafaj said on
Friday. The anti-monopoly agency said the acquisition would not
substantially distort economic competition. The transaction, which was
announced last December, was estimated at 4.7 billion crowns. Ringier Axel
Springer CZ publishes the Czech Republic’s biggest selling daily, the
tabloid Blesk, along with several other publications. In 2012