U.S. cable group Liberty Global has offered to sell its pay TV channel Film1 in an attempt to win EU antitrust approval for its proposed acquisition of Dutch rival Ziggo, a person familiar with the matter said on Thursday.Liberty Global, controlled by billionaire John Malone, also promised not to block either contractually or technically so-called over-the-top TV service providers from accessing its Internet network for four years, the source said.Over-the-top companies such as Netflix Inc, which deliver programming over the Internet, are gaining in popularity at the expense of live TV viewing.Rivals and other third parties were told to provide feedback on Liberty Global's offer by early this week, the person said.
Shares of LBTYA fell by 0.35% or $-0.15/share to $42.70. In the past year, the shares have traded as low as $37.81 and as high as $46.46. On average, 3698380 shares of LBTYA exchange hands on a given day and today's volume is recorded at 540337.
Netflix, Inc. is an Internet television network with more than 44 million members in over 40 countries. Shares of NFLX fell by 1.52% or $-6.49/share to $421.41. In the past year, the shares have traded as low as $239.91 and as high as $475.87. On average, 3136880 shares of NFLX exchange hands on a given day and today's volume is recorded at 1333025.
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