Liberty Global (LBTYA) has increased its stake in Dutch cable-television operator Ziggo to 28.5%...

|About: Liberty Global, Inc. (LBTYA)|By:, SA News Editor

Liberty Global (LBTYA) has increased its stake in Dutch cable-television operator Ziggo to 28.5% from 18.2% in a move that was made for strategic reasons. Liberty bought 17.5M shares, financing the deal through a loan that is secured by the stock. Based on Ziggo's closing price of €27.94 on Friday, Liberty's stake is worth €1.59B.