European antitrust watchdog the European Commission will reportedly review Liberty Global’s agreed takeover of Dutch cable operator Ziggo.
According to a Wall Street Journal report, the regulator has been formally notified of the deal and has until April 23 to either approve it or launch a more detailed investigation.
The European Commission can also choose to refer the agreement to national authorities, with the Dutch competition authority already indicating it would like to take over on national interest grounds, said the WSJ.
Liberty Global agreed to buy Ziggo, in a deal that values the Dutch cable operator at roughly €10 billion, at the end of January.
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19 October 2020 @ 12:30:00 UTC