Media M&A » By The Online Investor Staff, updated Sun., Jan. 17, 1:47 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 is a holding company. Through its subsidiaries, Co. provides broadband internet, video, fixed-line telephony and mobile communications services to residential customers and businesses in Europe. Co. provides residential and business-to-business (B2B) communication services in United Kingdom and Ireland through Virgin Media Inc., Belgium through Telenet Group Holding N.V., Switzerland, Poland and Slovakia through various wholly-owned subsidiaries. Co. owns a 50% noncontrolling interest in a 50:50 joint venture between Vodafone Group plc (Vodafone) and Co. (the VodafoneZiggo JV), which provides residential and B2B communication services in the Netherlands.
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Avg. Broker Rec.
 
|
Buy (2.89 out of 4) 25th percentile
(ranked lower than approx. 75% of all stocks covered)
Analysts' Target Price: LBTYA Stock Forecast Based on Zacks ABR data; powered by Xignite |
