German Regulator Halts $787M Cable Merger

Law360, New York (February 22, 2013, 3:06 PM EST) -- Germany's antitrust regulator on Friday blocked cable service provider Kabel Deutschland Holding AG's €618 million ($787 million) acquisition of competitor Tele Columbus Group, citing concerns over further consolidation of the nation's cable industry.

The Federal Cartel Office, or Bundeskartellamt, said the deal would cement a duopoly of German cable service between Kabel Deutschland and rival Unitymedia. The transaction would have combined Germany's first and third largest cable service operators, the regulator said, noting that Kabel Deutschland and Tele Columbus are direct competitors in Berlin and parts...
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