Key Developments: Liberty Global PLC (LBTYA.OQ)
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1 Aug 2013
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Latest Key Developments (Source: Significant Developments)
Liberty Global PLC Increases Stake In Ziggo NV To 28.5%
Liberty Global PLC and the Board of Management of Ziggo N.V. note that according to an 8k SEC filing made by Liberty Global, the stake of Liberty Global in Ziggo N.V. has been raised to 28.5%. Full Article
Liberty Global PLC Said To Bid On German Cable Firm Kabel Deutschland Holding AG-DJ
Dow Jones reported that Liberty Global PLC is bidding for Kabel Deutschland Holding AG, offering EUR 85 per share for the German cable operator, the Financial Times reported, citing people familiar with the talks. The report said the offer value's Kabel Deutschland's equity at about EUR7.5 billion ($10.03 billion.) Full Article
Liberty Global PLC Announces $3.5 Billion Stock Repurchase Program
Liberty Global PLC announced, following the acquisition of Virgin Media Inc., the authorization of a $3.5 billion stock repurchase program and its intention to complete such repurchase program over the next two years (the Program). The previously announced $1 billion stock repurchase program of Liberty Global, Inc., which is now a subsidiary of the Company, is no longer applicable. Under the Program, Liberty Global may acquire from time to time its Class A ordinary shares, Class C ordinary shares, or any combination of Class A and Class C ordinary shares. The Program may be effected through open market transactions and/or privately negotiated transactions, which may include derivative transactions. The timing of the repurchase of shares pursuant to the Program will depend on a variety of factors, including market conditions and applicable law. The Program may be implemented in conjunction with brokers for the Company and other financial institutions with whom the Company has relationships within certain pre-set parameters and purchases may continue during closed periods in accordance with applicable restrictions. The Program may be suspended or discontinued at any time. Full Article
Liberty Global Inc Completes Acquisition of Virgin Media Inc
Liberty Global Inc announced that, following shareholder approvals, regulatory approvals and other customary closing conditions, it has completed the previously announced acquisition of Virgin Media Inc (Virgin Media) in a stock and cash merger valued at approximately $24 billion. As a result of the closing, Liberty Global plc (Liberty Global), a public limited company organized under the laws of England, has become the new public parent company of Liberty Global Inc and Virgin Media. Liberty Global`s Class A, Class B and Class C ordinary shares will begin trading on the NASDAQ Global Select Market on June 10, 2013 under the same symbols: LBTYA, LBTYB and LBTYK. The shares of both Liberty Global Inc and Virgin Media will cease trading at market close on June 7, 2013 and will be deregistered under securities laws. The listing of Virgin Media`s common stock on the Official List and the admission of those shares to trading on the Main Market of the London Stock Exchange will be cancelled with effect from 8:00 A.M. London time on June 10, 2013. Full Article
Liberty Global Inc Completes Acquisition of Virgin Media Inc
Liberty Global plc (Liberty Global) announced that, following shareholder approvals, regulatory approvals and other customary closing conditions, it has completed the previously announced acquisition of Virgin Media Inc (Virgin Media) in a stock and cash merger valued at approximately $24 billion. As a result of the closing, Liberty Global plc, a public limited company organized under the laws of England, has become the new public parent company of Liberty Global Inc and Virgin Media. Liberty Global`s Class A, Class B and Class C ordinary shares will begin trading on the NASDAQ Global Select Market on June 10, 2013 under the same symbols: LBTYA, LBTYB and LBTYK. The shares of both Liberty Global Inc and Virgin Media will cease trading at market close on June 7, 2013 and will be deregistered under securities laws. The listing of Virgin Media`s common stock on the Official List and the admission of those shares to trading on the Main Market of the London Stock Exchange will be cancelled with effect from June 10, 2013. Full Article
Liberty Global Inc Puts Chellomedia Cable-TV Channel Business Up For Sale-DJ
Dow Jones reported that Liberty Global Inc has put its Chellomedia television-channel business up for sale, in a move that could lead to a deal valued at between $800 million and $1 billion, according to people familiar with the matter. Chellomedia is Liberty Global's content division, producing and distributing TV channels in a variety of genres including sports, movies and cooking to roughly 390 million households worldwide. Liberty Global, whose chairman is Mr. Malone, about a month ago hired advisers to help arrange a deal and is in talks with a handful of suitors, according to one of the people. The business is expected to attract content providers and television networks. It's possible the talks could lead to a partial or full sale, a joint venture or no deal at all, one of the people said. Should a deal be struck, it could come by the fall, this person added. Full Article
Liberty Global Inc Puts Chellomedia Cable-TV Channel Business Up For Sale-DJ
Dow Jones reported that Liberty Global Inc has put its Chellomedia television-channel business up for sale, in a move that could lead to a deal valued at between $800 million and $1 billion, according to people familiar with the matter. Chellomedia is Liberty Global's content division, producing and distributing TV channels in a variety of genres including sports, movies and cooking to roughly 390 million households worldwide. Liberty Global, whose chairman is Mr. Malone, about a month ago hired advisers to help arrange a deal and is in talks with a handful of suitors, according to one of the people. The business is expected to attract content providers and television networks. It's possible the talks could lead to a partial or full sale, a joint venture or no deal at all, one of the people said. Should a deal be struck, it could come by the fall, this person added. Full Article
EU Approves Liberty Global Inc, Virgin Media Inc. Deal-DJ
Dow Jones reported that Liberty Global Inc has received the green light on Monday for its EUR17.2 billion ($22.5 billion) acquisition of Virgin Media Inc., after European Union said the acquisition raised no competition concerns. The European Commission, which acts as the EU's antitrust watchdog, said the companies operate cable networks in different EU countries, and that the merged entity would have only a limited market position in the wholesale of TV channels in the UK and Ireland. In its review, the commission said it had looked into the TV content acquisition sector in the UK, Ireland and the European Economic Area (EEA) as a whole. It also investigated the vertical link between Liberty Global's activities in the wholesale supply of pay-TV channels. Full Article
EU Approves Liberty Global Inc, Virgin Media Inc. Deal-DJ
Dow Jones reported that Liberty Global Inc has received the green light on Monday for its EUR17.2 billion ($22.5 billion) acquisition of Virgin Media Inc., after European Union said the acquisition raised no competition concerns. The European Commission, which acts as the EU's antitrust watchdog, said the companies operate cable networks in different EU countries, and that the merged entity would have only a limited market position in the wholesale of TV channels in the UK and Ireland. In its review, the commission said it had looked into the TV content acquisition sector in the UK, Ireland and the European Economic Area (EEA) as a whole. It also investigated the vertical link between Liberty Global's activities in the wholesale supply of pay-TV channels. Full Article
EU Regulators To Approve $15.8 Billion Liberty Global Inc, Virgin Media Inc. Deal-Reuters
Reuters reported that Liberty Global Inc will get unconditional EU clearance for its $15.8 billion bid for Virgin Media Inc. Liberty Global unveiled the takeover offer for Britain's pay-TV provider in February. The move underscores the growing rivalry between cable groups and traditional telecoms operators. The European Union competition authority is set to announce its decision by April 15. Full Article
Jumbo financing for Ziggo looms as Liberty plots bid
LONDON, July 31 (IFR) - Leveraged finance bankers are prepping for a fierce battle to win an expected mandate from John Malone's Liberty Global (LGI), which looks set to make a bid for Dutch cable company Ziggo.

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