Government OK with Liberty Purchase Of Charter StakeFTC Issues Early Termination Notice for Pro Forma Antitrust Review 4/09/2013 1:12 PM Eastern
The federal government signaled Tuesday it had no antitrust issues with Liberty Media's proposed purchase of a 27.3% stake in Charter Communications.
That came in an early termination notice from the Federal Trade Commission, which teams with Justice to vet deals over a certain threshhold--Liberty's $2.6 billion offer easily cleared that hurdle--for any competition issues [an FTC or DOJ) review for potential competition issues, and the requirement that companies alert the government to the deal, is triggered by deals valued at $70.9 million or more].
The notice means the FTC has concluded its review and finds no reasons to sue to block the deal or require conditions.
The deal does not require FCC approval. Liberty becomes Charter's largest shareholder but not majority owner, which would require a transfer of FCC licenses and commission approval.