The proposed $39 billion merger of Virgin Media, owned by Liberty Global, and Telefónica’s O2 brand in the UK is unlikely to be opposed by regulators, reports techcrunch.com. A previous attempt to merge O2 with Three failed to materialise because of competition concerns. However, in an effort to ‘keep the economy turning’, The UK’s Competition and Markets Authority recently updated its approach, promising that ‘during the COVID-19 outbreak, the CMA is working with businesses where it can to be flexible’. The website points out that rivals may still make appeals to block or alter the terms of the deal. Read more
Virgin and Telefónica merger likely to be approved: CMA to be more ‘open-minded’ given the state of the market. The proposed $39 billion merger of Virgin Media, owned by Liberty Global, and Telefónica’s O2 brand in the UK is unlikely to be opposed by regulators, reports techcrunch.com.
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