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Liberty nears agreement to buy Holland's Ziggo

  • Liberty Global (LBTYA) is reportedly close to agreeing to acquire the 70% of Dutch cable group Ziggo that it doesn't own, with the companies hoping to announce the deal in the middle of the month.
  • One issue to decide is whether Ziggo CEO Rene Oberman will stay at the company after the deal is finalized - Oberman only started in the job this month.
  • Ziggo, whose market cap is €6.8B, rejected an offer from Liberty in October for being too low.
  • The talks come as Liberty expands its presence in Europe, having acquired Virgin Media for $16B last year.
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