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

By  |  April 8, 2013

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.

 

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