FTC Lifts Ban On Liberty Stake In Time Warner

Law360 (June 20, 2006, 12:00 AM EDT) -- Removing a ban initially imposed on Liberty Media to preserve competition in the cable market, the U.S. Federal Trade Commission has cleared the way for the Time Warner Inc. shareholder to vote its minority stake in the media and entertainment giant.

The FTC had blocked Liberty from voting or increasing its stake in Time Warner in order to approve Time Warner’s acquisition of Turner Broadcasting System back in 1996. By lifting the ban last week, the FTC will allow Liberty, the second-largest shareholder of the world’s...
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