In a further sign of John Malone’s increasing European cable ambitions, Liberty Global has acquired a 12.65% stake in Dutch operator Ziggo. It’s paying 632.5M euros ($810M) for the minority stake in the Netherlands’ biggest cable company that serves around 3M households. Liberty Global is already in the Dutch cable TV business via its subsidiary UPC, the area’s second largest provider. Global said today that it considers the acquisition of the minority Ziggo stake as “an attractive opportunity to make a strategic investment in a market where it already enjoys a sizeable presence.” Earlier this month, Liberty Media agreed to pay $2.62B For 27.3% of Charter Communications in the U.S. and in February, Liberty Global said it would acquire the UK’s Virgin Media in a stock and cash deal valued at approximately $23.3B.
By NANCY TARTAGLIONE, International Editor | Thursday, 28 March 2013 11:14 UKTags: Big Deals TV, John Malone, Liberty Media
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This article was printed from http://www.deadline.com/2013/03/liberty-global-to-pay-810m-for-minority-stake-in-major-dutch-cable-operator-ziggo/
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