Liberty Global win EU approval for Virgin Media takeover

Move poses biggest challenge to Murdoch in Europe’s biggest pay-TV market

Liberty Global has wone EU approval for a takeover of Virgin Media in a deal worth an estimated $23.3 billion.

Liberty Global has wone EU approval for a takeover of Virgin Media in a deal worth an estimated $23.3 billion.

 

John Malone's Liberty Global Inc has won European Union approval to buy UK cable-television provider Virgin Media Inc 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 UK and Ireland. "