Liberty Global offers to sell pay TV channel for Ziggo deal - source
BRUSSELS, July 24
BRUSSELS, July 24 (Reuters) - U.S. cable group Liberty Global has offered to sell its pay TV channel Film1 in a bid 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 "over-the-top" TV service providers from accessing its Internet network for four years, the source said.
"Over-the-top" companies typically stream their TV services via the Internet. Liberty Global's offer came after the European Commission opened an in-depth investigation into the deal in May, worried that it may reduce competition in the Netherlands and lead to higher consumer prices. (Reporting by Foo Yun Chee; editing by Adrian Croft)