The European Commission (EC) has cleared the proposed takeover of Virgin Media by US-based Liberty Global. The deal has a value of EUR 17.2 billion and will combine the second largest pay-TV operator in the UK (Virgin) with the largest cable operator in Europe (Liberty). The EC's investigation concluded that the deal would not 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.
