EU antitrust probe on Liberty Global's Dutch deal

May 08, 2014

The European Union's antitrust body is opening an in-depth investigation of the proposed 10 billion-euro ($14 billion) deal by Liberty Global PLC to fully take over Dutch cable operator Ziggo NV.

The EU Commission said Thursday it is concerned the acquisition by Liberty—the cable company chaired by American tycoon John Malone—could reduce competition in the Dutch pay-TV and telecommunications market.

Liberty announced its plan to buy the 71.5 percent of Ziggo it doesn't already own in January. It plans to merge it with another major Dutch cable provider it owns, UPC, to create a dominant player that would cover some 90 percent of Dutch households.

The 28-nation bloc's antitrust body now has 90 days to approve, reject or demand changes to the acquisition bid.

Explore further: Liberty Global to buy Dutch cable operator

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Liberty Global to buy Dutch cable operator

Jan 27, 2014

Liberty Global PLC, the cable company chaired by American tycoon John Malone, says it will buy the 71.5 percent of Dutch cable provider Ziggo NV it doesn't already own for around 10 billion euros ($13.7 billion) ...

Liberty Global to buy No. 3 German cable network

Mar 21, 2011

(AP) -- Colorado-based cable and broadband company Liberty Global Inc. said Monday it has agreed to buy the No. 3 German cable-television provider for 3.16 billion euros ($4.48 billion).

Liberty Global to sell stake to Japan's KDDI

Jan 25, 2010

(AP) -- Japan's second-largest telecommunications company, KDDI Corp., said Monday it is acquiring Liberty Global Inc.'s stake in Japan's largest cable TV operator for $4 billion in cash.

'AT&T seeks to buy DirecTV'

May 01, 2014

US telecoms giant AT&T has offered to buy satellite TV firm DirecTV, in the latest move for consolidation in the television and industry, the Wall Street Journal said Thursday.

Recommended for you

China's Xiaomi raises more than $1 bn in funding

8 hours ago

China's top smartphone seller Xiaomi Corp. is raising more than $1 billion in a fresh round of funding, a move which would raise its valuation above $45 billion, a report said Sunday.

Why the Sony hack isn't big news in Japan

Dec 20, 2014

Japan's biggest newspaper, Yomiuri Shimbun, featured a story about Sony Corp. on its website Friday. It wasn't about hacking. It was about the company's struggling tablet business.

Sony faces 4th ex-employee lawsuit over hack

Dec 20, 2014

A former director of technology for Sony Pictures Entertainment has sued the company over the data breach that resulted in the online posting of his private financial and personal information.

Sony tells AFP it still plans movie release

Dec 20, 2014

Sony Pictures boss Michael Lynton denied Friday the Hollywood studio has "caved" by canceling the release of "The Interview," and said it still hoped to release the controversial film.

2012 movie massacre hung over 'Interview' decision

Dec 19, 2014

When a group claiming credit for the hacking of Sony Pictures Entertainment threated violence against theaters showing "The Interview" earlier this week, the fate of the movie's big-screen life was all but ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.