Media M&A » By The Online Investor Staff, updated Thu., Jul. 2, 11:59 AM
Recent mergers and acquisitions in the Media M&A category.
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Slide #23. Liberty Global — Remaining 20% of VTR
Acquirer:
Liberty Global (NASDAQ:LBTYA)
Acquiree:
Remaining 20% of VTR
Details:
Liberty Global plc ("Liberty Global") (NASDAQ:LBTYA,LBTYBandLBTYK) announced today that it has acquired the remaining 20% of the outstanding shares in both VTR GlobalCom SpA and VTR Wireless SpA (collectively "VTR"). Liberty Global purchased these shares in Chile's largest cable operator from a subsidiary of Corp Group Holding Inversiones Limitada ("Corp Group") in exchange for 10.1 million Liberty Global Class C ordinary shares ("LBTYK").
Liberty Global, through its subsidiaries, provides video, broadband internet, fixed-line telephony, mobile and other communications services to residential customers and businesses. Co. provides residential and business-to-business (B2B) communication services in U.K. and Ireland through Virgin Media Inc. (Virgin Media), Belgium through Telenet Group Holding N.V., Switzerland and Poland through UPC Holding B.V. and Slovakia through UPC Broadband Slovakia s.r.o. UPC Holding B.V. and UPC Broadband Slovakia s.r.o., which are each wholly-owned subsidiaries of Co. In addition, Co. provides residential and B2B services in the Netherlands through VodafoneZiggo Holding B.V.
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Avg. Broker Rec.
 
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Hold (2.44 out of 4) 16th percentile
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