360° Coverage : John Malone Adds To European Cable Empire With $9 Billion Ziggo...

2 Updates
John Malone Adds To European Cable Empire With $9 Billion Ziggo Deal

John Malone Adds To European Cable Empire With $9 Billion Ziggo Deal

Jan 27 2014, 11:13am CST | by

Billionaire John Malone is on a buying spree, and all of Europe is in his cross-hairs. On Monday, Malone’s Liberty Global agreed to buy Ziggo, the largest Dutch cable television provider, for over $...

Filed under: news

 
 
 

38 weeks ago

John Malone Adds To European Cable Empire With $9 Billion Ziggo Deal

Jan 27 2014, 11:13am CST | by

Billionaire John Malone is on a buying spree, and all of Europe is in his cross-hairs. On Monday, Malone’s Liberty Global agreed to buy Ziggo, the largest Dutch cable television provider, for over $9 billion. The deal is only the latest for Liberty in Europe, where in 2013 the company acquired UK’s Virgin Media for $16 billion and raised its stake in Belgium’s Telenet to over 56%.

In the acquisition, Ziggo shareholders will receive €11  in cash, plus Liberty Global stock — valuing Ziggo at €34.53 per share, a 3.8% premium from its Friday closing price and a 22% premium from before Liberty’s first takeover offer in October.

“This transaction creates a nationwide cable champion that will drive investment and innovation for the benefit of Dutch consumers and businesses alike,” Liberty Global CEO Mike Fries said in a statement. “Our combined operations will reach over 90% of all Dutch households allowing us to compete more effectively with the other national telecommunications and satellite platforms in the Netherlands, and at the same time generate significant revenue and operating efficiencies.”

Liberty Global plans to merge Ziggo with UPC, the Dutch cable operator it already owns. Combined, the two companies will have over $6.5 billion in revenues. Liberty’s growing European operations also includes Germany’s Unitymedia.

Billionaire John Malone, who ranked 61st on the latest Forbes 400 list of Wealthiest Americans, hasn’t been quiet on the home front either. Malone’s Liberty Media announced earlier this month that it wants to absorb the rest of Sirius XM. And his Charter Communications, in which Liberty Media is the largest shareholder, offered $61 billion to buy Time Warner Cable.

Follow Brian on Facebook and Twitter.

10 Corny But Effective Cable TV Ads

Source: Forbes Business

 
Update
2

8 weeks ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

8 weeks ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double tragedies of M ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

Mali: Country with 300 Indians records first Ebola death
Accra (Ghana), Oct 25 (IANS) The authorities in the West African nation of Mali, where the Indian embassy says there are between 200 and 300 of its nationals, have confirmed the death of the country's first Ebola patient, a two-year-old girl.
 
 
Ebola cases exceed 10,000: WHO
London, Oct 25 (IANS) The World Health Organisation (WHO), in its latest report Saturday said the number of Ebola virus cases has exceeded 10,000, with 4,922 deaths.
 
 
Sundar Pichai to head key Google products, services
New Delhi, Oct 25 (IANS) Search engine giant Google in a reorganisation of its management has assigned Sundar Pichai the leadership of core Google products, technology magazine Recode reported.
 
 
Ocean circulation: a major factor in climate change
Washington, Oct 25 (IANS) It isn't just the atmosphere, but the circulation of the oceans plays an equally important role in regulating the Earth's climate, new research shows.
 
 
 

Latest from the Network

Second MERS case reported in Qatar
Doha, Oct 23 (IANS) A 43-year-old man in Qatar has tested positive for Middle East Respiratory Syndrome (MERS) in the second confirmed case of the deadly virus in 10 days, media reported Thursday. The patient had...
Read more on Business Balla
 
Two people die in Pakistan bomb blast
Islamabad, Oct 23 (IANS) At least two people were killed and 12 others injured in an explosion that took place in Pakistan's Balochistan province Thursday, media reported. The bomb was planted on a motorcycle, Dawn...
Read more on Politics Balla
 
Trott extends contract with Warwickshire till 2017
London, Oct 23 (IANS) England batsman Jonathan Trott, whose mental issues led to his abrupt departure from last winter's Ashes tour, has confirmed his successful comeback to competitive cricket by signing a new three-...
Read more on Sport Balla
 
Srikanth, Kashyap big movers in BWF rankings
Kuala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest Badminton World Federation (BWF) rankings released Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Alvin Stardust dead
London, Oct 23 (IANS) English singer Alvin Stardust died after a short illness. He was 72. Stardust's manager confirmed the news about his demise Thursday, reports mirror.co.uk. He was recently diagnosed with...
Read more on Celebrity Balla
 
Indian man reunited with family after 40 years
Dubai, Oct 23 (IANS) An Indian man, who had disappeared from his hometown in Kerala nearly 40 years ago, has been found by his family at a hospital in Dubai in the UAE, a newspaper report said. Now in his 60s, Abdulla...
Read more on Politics Balla
 
Srikanth, Kashyap, Saina rise in world rankings
Kala Lumpur, Oct 23 (IANS) Indian men shuttlers Kidambi Srikanth and Parupalli Kashyap jumped seven places each in the latest released Badminton World Federation (BWF) rankings Thursday while Olympic bronze medallist...
Read more on Sport Balla
 
Flintoff signs for Big Bash side Brisbane Heat
Brisbane, Oct 23 (IANS) Former England captain and all-rounder Andrew Flintoff, who retired from international cricket in 2009, Wednesday confirmed that he will play for Brisbane Heat in the Big Bash League (BBL) this...
Read more on Sport Balla
 
OPEC daily basket price falls again
Vienna, Oct 23 (IANS/WAM) The basket of 12 crude oils of the Organization of Petroleum Exporting Countries (OPEC) closed at $81.94 a barrel Wednesday compared to $82.09 Tuesday, the OPEC Secretariat said. The new OPEC...
Read more on Business Balla
 
Lopez to sign multi-million dollar deal?
Los Angeles, Oct 23 (IANS) Singer-actress Jennifer Lopez is reportedly in the final stages of securing a multi-million dollar deal to perform in Las Vegas. The 45-year-old is being offered $350,000 per show at The...
Read more on Celebrity Balla