Brussels, 15/04/2013 (Agence Europe) - On Monday 15 April, the European Commission cleared the proposed acquisition of UK cable operator Virgin Media Inc., registered in the US, by the US-based company Liberty Global, Inc. The transaction, worth €17.2 billion, will bring together the second largest Pay TV operator in the UK (Virgin Media) and the largest cable operator in Europe (Liberty Global). The Commission's investigation confirmed that the transaction raised no competition concerns, in particular because the parties operate cable networks in different member states and because of the merged entity's limited market position in the wholesale of TV channels in the UK and Ireland. (OL/transl.fl)