Feeds

Brussels clears Liberty Global's £15bn Virgin Media takeover

Move along, no competition concerns here

3 Big data security analytics techniques

US billionaire John Malone's company Liberty Global saw its £15bn bid to buy UK telco Virgin Media cleared by competition officials in Europe today.

The takeover was waved through completely unchallenged by the European Commission, after the cable giant confirmed it wanted to acquire Virgin Media in February.

The antitrust wing of the EC said:

The commission's investigation confirmed that the transaction would not raise competition concerns, in particular because the parties operate cable networks in different member states and because of the merged entity's limited market position in the wholesale of TV channels in the UK and Ireland.

It found that the planned buyout would not squeeze out competition because "TV content is licensed mainly on a national basis or for linguistically homogeneous areas and because the merged entity would still face sufficient competitive constraint from other players, such as TV content providers and competing Pay TV retailers."

Malone's arrival in the UK telco space will pit his company against BSkyB, which is 39 per cent-owned by Rupert Murdoch's News Corp.

The acquisition is expected to be finalised in the second quarter of this year. Virgin Media, meanwhile, will report its latest results to the City next week. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.