A PYMNTS Company

US: FTC, DOJ give Liberty-GCI deal antitrust ok

By  |  July 12, 2017

The Justice Department (DOJ) and the Federal Trade Commission (FTC) have no antitrust issues with John Malone’s (Liberty Interactive) deal to buy Alaskan cable and phone company General Communication.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The information came in an early termination notice from the FTC Wednesday, which means that the feds have closed their antitrust review of the US$1.1 billion deal without recommending either blocking or conditioning it.

    The FCC still has to weigh in with its separate public-interest take on the deal. The commission looks beyond antitrust issues to the potential benefits of a merger. The companies have said they expect the deal to close by first quarter 2018.

    GCI has about 108,000 cable subscribers in Alaska and is the state’s largest telephone and wireless company.

    Full Content: Reuters

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.