Seeking Alpha

Times: Liberty eyes U.K.'s Daisy for at last £500M

  • Liberty Global (LBTYA) has held talks about acquiring Daisy Group for at least £500M, the U.K.'s Times newspaper reports.
  • However, the discussions have hit a stumbling block over price, writes the Times' tech editor Nic Fildes, with the U.K. provider of Internet and telecom service wanting 220 pence a share, or almost £600M. The stock is -0.5% at 187 pence for a market cap of £499.23M.
  • A deal could strengthen the business operations of Liberty unit Virgin Media, which has "struggled for growth over the past two years."
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