Liberty nears agreement to buy Holland's Ziggo

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

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.