Bloomberg News

Malone’s Liberty Global Wins EU Approval to Acquire Virgin Media

April 15, 2013

John Malone’s Liberty Global Inc. (LBTYA:US) won European Union approval to buy U.K. cable-television provider Virgin Media Inc. (VMED:US) to challenge Rupert Murdoch in Europe’s biggest pay-TV market.

The European Commission said in a statement that the deal wouldn’t raise competition concerns “in particular because the parties operate cable networks in different member states and because of the merged entity’s limited market position in the wholesale of TV channels in the U.K. and Ireland.”

To contact the reporter on this story: Peter Chapman in Brussels at pchapman10@bloomberg.net

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


Video Game Avenger
LIMITED-TIME OFFER SUBSCRIBE NOW

Companies Mentioned

  • LBTYA
    (Liberty Global PLC)
    • $48.39 USD
    • 0.63
    • 1.3%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus