& cplSiteName &

Will Malone Take a Bigger Run at Ziggo?

Jeff Baumgartner
3/28/2013
50%
50%

No one can say John Malone and his crew are just sitting idle these days. In fact, they might be running a bit low on the midnight oil at the moment. Soon after Liberty Global Inc. (LGI) struck a US$23.3 billion deal for Virgin Media Inc. and Liberty Media Corp. splashed out $2.6 billion for a 27 percent stake in Charter Communications Inc., LGI followed Thursday by putting up €632.5 million ($809.4 million) for a 12.65 percent stake in Dutch MSO Ziggo B.V. (See Liberty Makes $23.3B Play for Virgin Media and Liberty Puts Up $26B for 27% Stake in Charter.) Liberty already has a fix on the Dutch cable market via its UPC Netherlands subsidiary. So, will Liberty Global go after all of Ziggo and expand its cable dominance in Europe? One day, probably, says one analyst. "We view this as a smart, strategic move that would make other entities potentially interested in Ziggo," wrote ISI Group Inc. analyst Vijay Jayant in a note issued today, adding that the investment could help to fend off other potential suitors, such as Vodafone Group plc, which has reportedly shown interest in German MSO Kabel Deutschland GmbH. "We do not, however, think a deal for full control of Ziggo is likely in the next 18 months or so," Jayant wrote. Still, he views Liberty Global "as the logical, ultimate acquirer of Ziggo, but at the right price." For those keeping score, Liberty's offer of €25.00 per share was just a tick above the €24.30 at which Ziggo closed yesterday -- a "modest premium" for a strategic block of shares purchased from Barclays Capital, notes Jayant. — Jeff Baumgartner, Site Editor, Light Reading Cable



(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
More Blogs from The Bauminator
New 'Team of Experts' program hints at one way T-Mobile will try to set its new OTT TV apart from the crowd.
AR startup's pricey 'Creator Edition' goes on sale, but Magic Leap still needs to jump a much larger hurdle if it's to forge a connection to the consumer mainstream.
Even relatively small light field display applications require big bit-rates, CableLabs CEO says.
Cable operators will need to free up at least 24MHz of spectrum for Docsis 3.1. But why is that the magic number?
Featured Video
From The Founder
John Chambers is still as passionate about business and innovation as he ever was at Cisco, finds Steve Saunders.
Flash Poll
Upcoming Live Events
September 12, 2018, Los Angeles, CA
September 24-26, 2018, Westin Westminster, Denver
October 9, 2018, The Westin Times Square, New York
October 23, 2018, Georgia World Congress Centre, Atlanta, GA
November 6, 2018, London, United Kingdom
November 7-8, 2018, London, United Kingdom
November 8, 2018, The Montcalm by Marble Arch, London
November 15, 2018, The Westin Times Square, New York
December 4-6, 2018, Lisbon, Portugal
All Upcoming Live Events
Hot Topics
T-Mobile to Play the Customer Care Card With Layer3 TV
Jeff Baumgartner, Senior Editor, Light Reading, 8/15/2018
Australia Could Open 5G Door to Huawei
Robert Clark, 8/16/2018
Video Navigation Gets an AI Assist
Jeff Baumgartner, Senior Editor, Light Reading, 8/16/2018
Eurobites: Deutsche Telekom Pulls Out of Iran
Iain Morris, International Editor, 8/17/2018
Animals with Phones
When Your Cat Hijacks Your Tech Click Here
Latest Comment
Live Digital Audio

A CSP's digital transformation involves so much more than technology. Crucial – and often most challenging – is the cultural transformation that goes along with it. As Sigma's Chief Technology Officer, Catherine Michel has extensive experience with technology as she leads the company's entire product portfolio and strategy. But she's also no stranger to merging technology and culture, having taken a company — Tribold — from inception to acquisition (by Sigma in 2013), and she continues to advise service providers on how to drive their own transformations. This impressive female leader and vocal advocate for other women in the industry will join Women in Comms for a live radio show to discuss all things digital transformation, including the cultural transformation that goes along with it.

Like Us on Facebook
Twitter Feed