A PYMNTS Company

EU: $15.8B Liberty Global deal to contest Rupert Murdoch’s dominance

By  |  April 8, 2013
EU: $15.8B Liberty Global deal to contest Rupert Murdoch’s dominance

Sources say a $15.8 billion deal for Liberty Global to buy Virgin Media will be cleared by the European Commission without concessions. The acquisition will strengthen Liberty Global’s position against tycoon Rupert Murdoch and his satellite group BSkyB. Liberty Global is owned by billionaire John Malone. While the authority is expected to announce its decision on April 15, the sources said a decision has already been reached; Virgin declined to comment.

    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.

     

    Full Content: Fox Business

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