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Netherlands: Liberty Global bursts into Dutch cable

 |  January 27, 2014

Media conglomerate Liberty Global struck a deal to acquire Netherlands-based cable giant Ziggo, reports say, in a deal valued at about $13.7 billion.

The buyout comes just months after Ziggo deemed an earlier offer by Liberty Global “inadequate.”

Liberty Global seems to be on a media buying spree in Europe, having acquired UK-based Virgin Media last year in a $16 billion deal, according to reports. The company also owns Belium’s Telenet and Germany’s Unitymedia.

But reports say Liberty Global may soon face obstacles in future deals within Europe as telco consolidation picks up. The European Commission has taken a tougher stance on cross-boarder mergers, reports say.

The Dutch merger, which remains subject to regulatory clearance, would combine Liberty Global’s existing operations in the Netherlands, UPC Netherlands, with Ziggo.

Full Content: DealBook

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