A PYMNTS Company

Germany: Watchdog implodes Liberty Global’s cable buyout

By  |  August 14, 2013

A German court overturned an earlier clearance for Liberty Global to acquire cable giant Kabel Baden-Wuerttemberg first approved by the Federal Cartel Office, say reports. The Dusseldorf Higher Regional Court issued the ruling and will now require the Office to return to the deal for further review with a new decision, unless the court’s decision is overturned. Deutsche Telekom is sure to welcome the news as it challenged regulator’s clearance of the merger in 2011 for more than $4 billion. In an emailed statement, the state said that “concessions provided for by the Federal Cartel Office aren’t fit to make up for the increase of the market-dominating position because of the merger.” Soon after Liberty Global’s Kabel purchase, the company acquired the nation’s second-largest cable operator Unitymedia.

    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: Bloomberg

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