BRUSSELS Aug 25 European Union antitrust
regulators have resumed their review of cable TV provider
Liberty Global's bid for Dutch peer Ziggo
and will decide by Nov. 3 whether to clear the deal.
The European Commission unveiled the new deadline on its
website but did not provide details. It halted its scrutiny of
the deal on Aug. 4 while waiting for more data from the U.S.
The EU competition watchdog restarted the clock after
Liberty Global tweaked its pledge not to block so-called
over-the-top TV service providers such as Netflix from
accessing its Internet network for four years, a person familiar
with the matter said.
That move was aimed at allaying EU concerns that the deal
may reduce competition in the Netherlands, resulting in
consumers paying more for cable services.
The source said another Liberty Global proposal, to sell its
pay TV channel Film1, was still on the table and that it had not
been required to divest other assets.
The deal values Ziggo and its debt at around 10 billion
euros ($13.20 billion).
Liberty Global, controlled by billionaire John Malone is
keen to expand its cable empire in Europe which accounts for 90
percent of its revenues.
($1 = 0.7577 Euros)
(Reporting by Foo Yun Chee, editing by Robert-Jan Bartunek and