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EU: Liberty Global/Ziggo deal gains conditional clearance

 |  October 12, 2014

US cable firm Liberty Global has received clearance from EU authorities to acquire Dutch operator Ziggo, but with conditionals placed on the approval.

According to reports, the European Commission will allow the $13 billion cable acquisition to move forward, but Liberty will be required to sell one pay-TV channel. The US firm will also be forced to alter its broadcaster contracts, reports say, to ensure the company won’t abuse its market dominance.

Specifically, Liberty will divest TV channel Film1. The company will also allow broadcasters to offer services over the Internet to ensure sufficient competition within the Dutch market, reports say.

Full content: ABC News

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