Liberty’s Ziggo buy ‘will be cleared’
August 27, 2014
Liberty Global will be given permission to take over its Dutch competitor Ziggo by the European Commission. However, the approval will be conditional on Liberty Global selling its Film 1 channel to head off competition concerns, according to Bloomberg.
Liberty Global made a formal offer of €34.53 a share for Dutch cable market leader Ziggo in January. Ziggo was formed over five years ago following the merger of three separate cable operators and has 55 per cent of the Dutch market. UPC has around 35 per cent. Together they will have four million subscribers.
The rest of the Dutch cable market is made up of four small regional players and 15 or so town-based providers.