Email this article to a friend
EU clears $22.6bn cable operator, pay TV takeover
Monday - 4/15/2013, 7:20am  ET
BRUSSELS (AP) -- The European Union's antitrust body has cleared the 17.2 billion euros ($22.6 billion) takeover of Britain's Virgin Media by U.S. cable TV operator Liberty Global.
The European Commission, which acts as the 27-nation bloc's competition watchdog, said Monday the acquisition will make Liberty Global Inc. the largest cable operator in Europe and form the second-largest pay TV provider in Britain.
It concluded the deal does not raise competition concerns because the parties operate cable networks in different EU states and because of the merged entity's limited overall market position in the wholesale of TV programs and channels.
U.S.-registered entertainment company Virgin Media Inc. operates a cable network in Britain but also provides pay TV, broadband internet and phone services. Liberty Global already operates cable networks in 10 European Union states.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
TLC cancels 'Here Comes Honey Boo Boo' series
Updated 05 minutes, 41 seconds ago
'Drumline: A New Beat' puts a new spin on original
Updated 05 minutes, 43 seconds ago
NBCUniversal settles with unpaid interns from 'Saturday Night Live,' other shows for $6.4M
Updated 41 minutes, 39 seconds ago
Guest lineups for the Sunday news shows
Saturday - 10/25/2014, 04:50am EDT
Women's World Cup next summer another chance for US soccer fanaticism to take hold
Saturday - 10/25/2014, 12:08am EDT
CBS's new Thursday night NFL package draws big audiences despite string of blowouts
Friday - 10/24/2014, 06:30pm EDT
Darcy, Elizabeth together again; but this time it's murder, not romance, afoot in 'Pemberley'
Friday - 10/24/2014, 06:14pm EDT
'The Roosevelts' earn PBS biggest audience in 20 years
Friday - 10/24/2014, 09:26am EDT
French journalists get 2 1/2 months in jail for illegal reporting in Indonesia's Papua
Friday - 10/24/2014, 09:06am EDT
Q&A: Mick Jagger, the film producer, heads to work on James Brown documentary, TV shows, films
Friday - 10/24/2014, 05:04am EDT
AMC Networks pays $200 million for 49.9 percent stake in BBC America
Thursday - 10/23/2014, 08:00pm EDT
Tax trial for 'The Situation' set for December; he and his brother have pleaded not guilty
Thursday - 10/23/2014, 07:38pm EDT
Anchorage TV station inadvertently runs contentious ad in Senate race
Thursday - 10/23/2014, 07:30pm EDT
James Corden takes over host duties of CBS' 'Late Late Show' March 9, replacing Craig Ferguson
Thursday - 10/23/2014, 06:48pm EDT
Game 2 of World Series stays close deeper into night, boosting television ratings
Thursday - 10/23/2014, 05:18pm EDT
Mother of ABC newswoman Diane Sawyer dies in Louisville at age 94; Sawyer calls mom energetic
Thursday - 10/23/2014, 04:40pm EDT
Iggy Azalea, Bryan Cranston, 'Gone Girl' up for Logo TV's 2014 New Now Next Awards
Thursday - 10/23/2014, 03:32pm EDT
Tony Gonzalez says he has no regrets about walking away from NFL career
Thursday - 10/23/2014, 10:40am EDT
Judge nixes 'Real Housewives' star Teresa Giudice's bid to serve prison term in halfway house
Thursday - 10/23/2014, 09:36am EDT
World Series rating for opener reaches record low for San Francisco's 7-1 win over Kansas City
Wednesday - 10/22/2014, 05:44pm EDT