Liberty rejected in bid to buy German cable TV

From: The Milwaukee Journal Sentinel (Milwaukee, WI) | Date: February 26, 2002| Author: | Copyright information

By DAVID MCHUGHAssociated Press

Tuesday, February 26, 2002

Frankfurt, Germany -- German antitrust regulators have turned down U.S. cable entrepreneur John Malone's $4.8 billion bid to buy six regional cable television systems from Deutsche Telekom and become Europe's largest cable operator.

The deal has been widely regarded as dead since Malone's Liberty Media Corp. declined to make changes to satisfy the officials.

Deutsche Telekom has been notified by the Cartel Office of the refusal, a spokesman said Monday, speaking on condition of anonymity. ...

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