Court quashes approval of Liberty's purchase of German firm

|About: Liberty Global, Inc. (LBTYA)|By:, SA News Editor

A higher regional court in Duesseldorf in Germany has overturned the approval by the country's cartel office of Liberty Global's (LBTYA) €3.16B ($4.2B) acquisition of KabelBW and ordered the regulator to have another look at the deal.

The cartel office had authorized the transaction at the end of 2011, imposing some tough conditions due to Liberty Global owning UnityMedia, Germany's second-largest cable operator.

The latest decision represents an interim victory for Deutsche Telekom (DTEGF.PK), which had challenged the approval of the deal.