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Tuesday, December 13, 2011

Watchdog set to clear Liberty's Kabel BW deal-letter, (NASDAQ: LBTYA)

German antitrust regulators are prepared to approve the contested merger of German cable firms Unitymedia and Kabel BW after certain concessions were agreed, according to a letter obtained by Reuters.A spokesman for the watchdog said a decision had not yet been made, while Unitymedia, owned by Liberty Global, would only comment that it expected a decision on Thursday.Germany's cartel office said in October it was concerned about the prospect of Liberty Global controlling two of the country's three main cable operators, putting the proposed takeover in serious doubt.Liberty, under U.S. media mogul John Malone, triumphed over rivals to strike a deal to purchase KabelBW from Swedish takeover firm EQT for 3.16 billion euros ($4.18 billion) in March.

Liberty Global, Inc. (LGI) is an international provider of video, broadband Internet and telephony services, with consolidated broadband communications and/or direct-to-home satellite (DTH) operations. Shares of LBTYA remained unchanged at $39.32. In the past year, the shares have traded as low as $32.06 and as high as $47.31. On average, 1482510 shares of LBTYA exchange hands on a given day and today's volume is recorded at 0.