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US: Antitrust regs clear Liberty Media spinoff

By  |  October 27, 2014

US authorities have decided to allow a proposed spinoff of Liberty Media assets into a new firm called Liberty Broadband, say reports.

Neither the US Department of Justice or Federal Trade Commission raised antitrust concerns over the deal, which sees Liberty Media divest its assets in Charter Communications to create the new company, which will be independently traded. According to Liberty, the new unit will facilitate the company’s expansion plans.

According to reports, those expansion plans could involve assets divested by Comcast as it seeks to acquire Time Warner Cable.

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