BRUSSELS, Feb 24 (Reuters) - EU antitrust regulators
have paused their investigation into Liberty Media's ( LLYVB )
3.5-billion-euro ($3.7 billion) bid for Dorna Sports while
waiting for information from the companies, the European
Commission said on Monday.
The EU antitrust enforcer opened a full-scale investigation
in December, warning that the deal could push up prices for the
licensing of broadcasting rights for motorsports events hosted
by both companies.
Another leg of the investigation focuses on whether Liberty
Media's ( LLYVB ) and U.S. cable company Liberty Global's ( LBTYA )
largest shareholder, John Malone, has decisive influence over
both companies that may prompt Liberty Media ( LLYVB ) to shut out rival
broadcasters in Belgium, Ireland and the Netherlands where
Liberty Global ( LBTYA ) is present.
The Commission, which had previously set a June 30 deadline
for its decision, said it temporarily halted its investigation
last Friday.
"The 'clock' in merger investigations can be suspended if
the parties fail to provide, in a timely fashion, an important
piece of information that the Commission has requested from them
within a prescribed deadline," a Commission spokesperson said in
an email.
It will set a new deadline once the companies provide the
requested information.
($1 = 0.9555 euros)