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Liberty Global (LBTYA) agrees to acquire Germany's #2 cable operator, Unitymedia, from BC...

Liberty Global (LBTYA) agrees to acquire Germany's #2 cable operator, Unitymedia, from BC Partners and Apollo Management for a total of €3.5B including debt. Liberty said it's paying 7.4x 2010e Ebitda to acquire Unity, which "complements our existing European footprint and has significant untapped growth potential in one of the fastest-growing cable markets in Europe." Competitors include Deutsche Telekom (DT) and Sky Deutschland (NWS).
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