• Subscribe
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Columns
    • Chris Dziadul
    • Julian Clover
    • Robert Briel
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Liberty Global increases stake in Ziggo to 28.5%

July 28, 2013 07.08 Europe/London By Robert Briel

ziggo-hqLiberty Global continues to increase its stake in Holland’s largest cable operator Ziggo.

In a statement, Ziggo has said that according to an 8k SEC filing made by Liberty Global, the stake of Liberty Global in Ziggo has been raised to 28.5%.

LGI had already built a 18.2% holding in the Dutch operator. The new stake increase consists of 17.5 million Ziggo shares, financed entirely through a loan linked to the hedging transaction that is secured by Ziggo shares.

Liberty Global acquired its first Ziggo shares, 12.65% in March of this year “as strategic and opportunistic investment” when Barclays as underwriter of the sale by Ziggo’s original investors Cinven and Warburg Pincus was left with Ziggo shares. After that, the stake was increased in two steps via 15% to 18.2%.

“The Supervisory Board and the Board of Management will continue to act in the best interests of its stakeholders in assessing steps made by Liberty Global while continuing to focus on executing Ziggo N.V.’s strategy,” the statement said.

The increase in Ziggo shares comes after LGI withdrew from the takeover battle over Germany’s largest cable operator Kabel Deutschland.

Liberty Global is also in the process of offloading its content division Chellomedia. According to the Financial Times, prospective buyers include Scripps Networks Interactive, Time Warner Inc.’s Turner Broadcasting System and Discovery Communications.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Filed Under: Editor's Choice, Finance, Newsline, Top Story Tagged With: Liberty Global The Netherlands, Ziggo Edited: 30 July 2013 08:38

About Robert Briel

Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.

Latest News

  • IBC confirms return of in-person event
  • Redge Media CDN expands to Czech Republic
  • Discovery Sports enhances French Open
  • Paramount Global makes key appointments
  • Amazon Freevee releases Apple TV app

Watch Video

In Conversation: Smart Routers mean Smart Homes

In the first edition of In Conversation, Julian Clover discusses how smart routers are evolving to serve the smart home with Stuart Griffin, Founder & Technologist, Consult Red. … [Webinar Replay...]

Q & A

OTT Question Time – now in association with Broadband TV News

Kauser Kanji, MD of VOD Professional, introduces the industry forum OTT Question Time. … [Read More]

Free Ebook

eBook: Overcoming the Top 5 Challenges in Server-side IP Ad insertion

IP video is a game-changer for advertising. However, unlike traditional television, IP video is more dynamic, with new devices, formats, content and services to consider. … [Download the eBook...]

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Broadband TV News

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Connect with Us

 

Copyright © 2022 Broadband TV News LLP · Log in

 

Loading Comments...