Malone’s Liberty Global Wins EU Approval to Acquire Virgin Media

John Malone’s Liberty Global Inc. won European Union approval to buy U.K. cable-television provider Virgin Media Inc. to challenge Rupert Murdoch in Europe’s biggest pay-TV market.

The European Commission said in a statement that the deal wouldn’t raise 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 U.K. and Ireland.”