Liberty Global (LBTYA) looks to deepen its interests in Europe with an offer to acquire the...

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

Liberty Global (LBTYA) looks to deepen its interests in Europe with an offer to acquire the 49.6% of Belgian telecom operator Telenet it doesn't already own for €1.96B ($2.56B). Liberty's bid of €35 a share values Telenet at €4B and represents a 13% premium on its close yesterday of €31.10. In Europe, Liberty also owns German cable providers Kabel Baden-Wuerttemberg and Unitymedia. (PR)