EC agrees to Liberty concessions on Ziggo deal - report

Nieuws Breedband Nederland 26 AUG 2014
EC agrees to Liberty concessions on Ziggo deal - report
Liberty Global is set to win European Commission approval to buy Dutch cable operator Ziggo after it pledged to sell a TV channel, two people familiar with the EU's investigation told Bloomberg. Concessions by Liberty Global will enable it to dodge formal objections to the deal from the European Commission. 

The commitments include an offer to sell Liberty Global's Film 1 premium channel, a promise to maintain access for over-the-top operators such as Netflix and a pledge not to discriminate against rivals that buy its content, one of the people said. 

A spokesman for the European Commission declined to comment. The EU regulators have until 03 November to rule on the Liberty Global-Ziggo transaction.

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Vast

Companies:

Ziggo,  European Commission,  Liberty Global,  Netflix

Countries:

Nederland

Tags:

Regulations, Cable - Docsis, M&A buyouts & divestments

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