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Netherlands: Liberty Global’s cable takeover review halted

 |  August 4, 2014

The European Commission has reportedly decided to temporarily halt its investigation into US cable giant Liberty Global’s plans to acquire Netherlands-based peer Ziggo as officials seek more information from the companies.

Reports say the Commission is looking for more documentation regarding the merger from Liberty Global; until that information is received, the Commission said, it would pause its review, which was set to be completed by October 17.

The review will resume again once the information is received.

”During its investigation of this merger, new facts have come to the Commission’s attention, which are important for our full assessment of the merger,: the watchdog said regarding the timetable change.

Liberty Global said it was in constructive discussions with regulators.

Full content: MSN

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