The EU has approved Liberty Global's (LBTYA) $15.8B acquisition of Virgin Media (VMED), saying...

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

The EU has approved Liberty Global's (LBTYA) $15.8B acquisition of Virgin Media (VMED), saying it doesn't have any competition concerns as the companies operate pay-TV networks in different European countries. The deal will pit Liberty against News Corp (NWS) satellite-TV affiliate BSkyB (BSYBY.PK), or John Malone against Rupert Murdoch. (PR)