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: 'AT&T seeks to buy DirecTV'

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

Nintendo's nine-month profit jumps on cheap yen

3 hours ago

Nintendo reported a nearly six-fold increase in profit for the first three quarters of the fiscal year Wednesday and raised its earnings forecast as a cheap yen masked weak sales.

SK Hynix Q4 profit doubles to record level

3 hours ago

South Korean chipmaker SK Hynix said Wednesday its profits more than doubled in the fourth quarter to a record high, thanks to the soaring popularity of new mobile devices such as Apple's iPhones.

After setting iPhone record, what does Apple do next?

3 hours ago

Apple CEO Tim Cook says consumer demand for new iPhones has been "staggering" and "hard to comprehend." That helped the company report record-smashing earnings for its latest quarter and primed its stock ...

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.