Bloomberg News

Liberty Global Offers Remedies to Have Kabel BW Deal Cleared

October 21, 2011

Oct. 21 (Bloomberg) -- Liberty Global Inc. has offered remedies to counter possible antitrust concerns of German regulators over its plans to buy Kabel Baden-Wuerttemberg GmbH.

The German Federal Cartel Office, the nation’s antitrust regulator, received an offer from Liberty Global, its spokesman Kay Weidner said by phone today. He declined to comment on the details. The regulator also extended the deadline for it to probe the combination to Dec. 15, he said. Originally the review was scheduled to end Nov. 11.

“We will also submit our preliminary view of the issue to the companies next week,” said Weidner.

U.S. billionaire John Malone’s Liberty Global in March agreed to buy Kabel BW, Germany’s third-largest cable- television operator, for about 3.16 billion euros ($4.4 billion.)

The Cartel Office took over the review of the purchase after European Union regulators decided Germany may be better placed to probe possible harmful effects of the deal.

Liberty Global remains confident that the outcome of the review will be “positive” and is continuing its “constructive" dialogue with the regulator, company spokeswoman Hanne Wolf said in an interview. She declined to comment further.

Kabel BW’s press office didn’t immediately reply to an e- mail seeking comment after business hours.

-- Editor: Christopher Scinta

To contact the reporter on this story: Karin Matussek in Berlin at kmatussek@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@Bloomberg.net.


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