U.S. cable firm Liberty Global won unconditional EU regulatory approval on Monday for its $15.8 billion takeover of Virgin Media, a deal that pits the group against Rupert Murdoch's British satellite TV operation BSkyB. The European Commission said it did not have any competition concerns regarding the takeover, confirming a Reuters report last week.The EU antitrust authority said this was because the companies operated cable networks in different EU countries and because of the merged group's limited market position in wholesale TV channels in Britain and Ireland.The companies valued the deal at $15.8 billion on Feb. 6, the day it was announced.
Liberty Global, Inc. (LGI) is an international provider of video, broadband Internet and telephony services, with broadband communications and/or direct-to-home satellite (DTH) operations, As of December 31, 2011, the Company was serving 19. Shares of LBTYA remained unchanged at $75.54. In the past year, the shares have traded as low as $44.87 and as high as $75.86. On average, 3108960 shares of LBTYA exchange hands on a given day and today's volume is recorded at 0.
Virgin Media Inc. is engaged in entertainment and communications business. Shares of VMED remained unchanged at $50.17. In the past year, the shares have traded as low as $21.25 and as high as $50.29. On average, 8339670 shares of VMED exchange hands on a given day and today's volume is recorded at 0.
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