Arab Today, arab today liberty global reaches deal to acquire ziggo in the netherlands
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Liberty Global reaches deal to acquire Ziggo in the Netherlands

Arab Today, arab today

Arab Today, arab today Liberty Global reaches deal to acquire Ziggo in the Netherlands

London - UPI

Media giant Liberty Global has agreed to buy Dutch service provider Ziggo in a tentative cash and stock deal, the company said. The deal values Ziggo, which has 2.8 million cable, broadband and telephone subscribers, at about $13.7 billion. Given Liberty Global's previous attempts to negotiate a deal with Ziggo, the purchase represents a 22 percent premium over Ziggo's closing price at the end of October, when the public became aware a deal was in the offing. The deal is dependent on regulator approval and may run up against resistance based on anti-trust concerns, the New York Times reported Monday. The deal also hinges on Liberty Global's ability absorb 100 percent of the outstanding shares. Currently, Liberty Global, which is controlled by billionaire John Malone, owns 28.5 percent of Ziggo. As Liberty Global also controls UPC Netherlands, the deal would extend the company's reach to include more than 90 percent of Dutch households, the Times said. That would allow for significant streamlining, Liberty Global's Chief Executive Officer Michael Fries said. The deal allows Liberty Global "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," Fries said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today liberty global reaches deal to acquire ziggo in the netherlands Arab Today, arab today liberty global reaches deal to acquire ziggo in the netherlands

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today liberty global reaches deal to acquire ziggo in the netherlands Arab Today, arab today liberty global reaches deal to acquire ziggo in the netherlands

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday