Liberty Global's $15.8B Acquisition Of Virgin Media Is Sailing Through EU Antitrust Court

Reuters has reported, and TechCrunch has now confirmed with an independent source close to the situation, that the European Union's competition commission is approving the deal for Liberty Global to buy UK's Virgin Media for $15.75 billion, first announced in February when it was calculated to be worth up to $23.3 billion with debt factored in. As we understand it, there will be no antitrust conditions put on the merger, a crucial step for the two companies to close the deal more quickly.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/UuR87HIBTIk/

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