Liberty Global got regulatory clearance from the European...
Liberty Global got regulatory clearance from the European Commission for its public offer to shareholders of cable company Ziggo, Liberty said in a news release Friday (http://bit.ly/1sudnrJ). Liberty Global offered commitments to address the European Commission’s competition concerns, the release…
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said. Those concessions included divestment of Liberty’s Film1 business in the Netherlands, minimum IP transit capacity and “behavioral commitments” connected to contracts with broadcasters, the release said. To comply with U.S. regulatory requirements, Liberty Global may reduce the minimum acceptance level condition of the offer to 65 percent of Ziggo’s “aggregate issued and outstanding ordinary share capital,” the release said. The deal “will benefit consumers and businesses across the Netherlands given our commitment to investment and innovation in the Dutch market,” said Liberty Global CEO Mike Fries in the release.