Germany To Review Liberty Global's €3B Cable Buy

Law360, New York (June 17, 2011, 5:35 PM EDT) -- The European Commission referred a proposed €3.16 billion ($4.52 billion) German cable merger to the German antitrust authorities on Friday over competition concerns, saying the sale could affect free TV services at housing associations across the country.

Germany's Bundeskartellamt will review the proposed sale of Kabel Baden-Wurttemberg GmbH & Co. KG, one of three regional cable companies in Germany, to U.S.-based Liberty Global Inc. LGI already owns Unitymedia GmbH, one of the other two companies.

LGI offered €3.16 billion, or about $4.53 billion, for Kabel in...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.