Liberty Global, Inc.NASDAQ
Tue, Oct. 18, 6:43 PM
- Liberty Global (NASDAQ:LBTYA) is shoring up its lead in Poland, sealing a $760M cash deal to take over the cable business of Multimedia Polska.
- Multimedia Polska is the No. 3 cable provider in the country, and adding it brings the reach of Liberty's UPC Poland to more than 4M homes and businesses.
- UPC Poland had passed 3.1M homes (about 20% of households) at the end of June, while Multimedia had passed 1.6M homes. Poland made up 2.2% of Liberty Global's 2015 sales.
- The deal's expected to close in the next 12 months.
Wed, Sep. 14, 11:24 AM
- Liberty Global (LBTYA +0.7%) has set a deal with Netflix (NFLX +1.8%) to integrate the streaming giant's app into its cable systems across more than 30 countries.
- The multi-year deal builds on the smaller launch of Netflix on Liberty's Virgin Media system in the UK in 2013.
- Customers will be able to easily search and browse Netflix content without switching to a different device, and new customers to Netflix can sign up directly via the app on the TV.
- The latest agreement will kick off with the Netherlands, launching Netflix on Liberty's Horizon box, and rollouts will continue into and through 2017.
- For Netflix, the deal follows on a summer arrangement to get into Comcast's X1 video system.
Mon, Sep. 12, 1:05 PM
- Liberty Global (LBTYA +4.5%) has taken a stake in Glory Sports International, parent company to a kickboxing league, in a round of Series B financing for Glory.
- That round was led by Yao Capital, the investment firm founded by ex-NBA player Yao Ming along with former Wanda Group CIO David Han and partner Erik Zhang.
- Yao took a significant strategic stake in the funding, which also featured existing Glory shareholders Twin Focus Capital. Yao and Glory will pursue an immediate launch of a JV in China.
- "Glory is a great fit for Liberty Global's content investment strategy," says Liberty Global Chief Programming Officer Bruce Mann. "We find investing in up-and-coming sports both interesting and strategic. I believe Liberty Global's support and operational leverage in combination with the arrival of Yao Capital as an investor positions Glory extremely well to deliver on their vision."
Thu, Aug. 25, 9:58 AM
- Liberty Global (LBTYA -0.4%) has a transition in its finance leadership, with co-chief financial officer Bernie Dvorak electing to retire at the end of the year following a three-decade career in the industry.
- Charlie Bracken will become sole CFO; he had joined Liberty's predecessor operations in Europe and was named co-CFO when Liberty Global was formed in 2004.
- In addition, the company is adding Jason Waldron as chief accounting officer, effective Oct. 1; he's currently partner for KPMG. Dvorak's oversight had included accounting, compliance, and investor relations.
Mon, Aug. 8, 11:18 AM
- UK telecom regulator Ofcom is backing off a probe into TV soccer rights after figuring it doesn't have the people power to make a determination of harm.
- The office was working to assess whether a rights auction for broadcasting Premier League games was hurting consumers, but rather than weighing in on that, it will cite workload as a reason for ending the investigation, The Telegraph is reporting.
- The probe was spurred by a complaint from Virgin Media (LBTYA +1.3%), which claimed restricting live matches created a cost-hiking barrier to competition.
- The Premier League is reportedly making changes based on the outcry, with moves to boost live matches in the next auction to 190 from a current 168. Minority rights holder BT (BT -0.5%) is set to get more matches as well.
Thu, Aug. 4, 5:12 PM
Fri, Jul. 29, 6:46 PM
- Racing series Formula One could be sold in the next few weeks for more than $8B, with media suitors closing in including Sky (OTCQX:SKYAY) and a teamed-up Liberty Global (NASDAQ:LBTYA) and Discovery Communications (NASDAQ:DISCA), The Wall Street Journal reports.
- CVC Capital Partners bought majority control of Formula One in 2006, but has since trimmed that stake to about 35%.
- The sport could provide a boost to media firms coveting live-sports rights that are growing increasingly valuable in a time-shifted viewing era.
- Discovery has been investing aggressively overseas, including heavy attention on Europe, and Fox (FOX, FOXA) holds 39% of Sky.
Fri, Jul. 29, 4:22 PM
- Royal KPN (OTCPK:KKPNY) has lost a lawsuit against Fox (FOX -0.2%, FOXA -0.5%) tied to their carriage deal for Fox programming.
- The deal expires at the end of July, and the court decision means Fox isn't required to extend the deal under the same terms. KPN had claimed new terms from Fox, including a requirement to add a Fox premium sports channel to a basic TV package, might violate competition law.
- Fox had requested a minimum payment based on total viewers at KPN, and offered to allow KPN to include the Fox Sports channels in its basic plan at a lower cost, rather than only in a premium tier. KPN balked at a "significant increase" in cost.
- In the Netherlands, Vodafone (VOD +0.4%) has accepted the new Fox terms, while the country's market leader, Ziggo (LBTYA +1.7%), is unaffected since it won't see its current deal expire until 2020.
- Earlier, Reuters reported that Europe was near approval on a combination of Dutch operations between Liberty Global and Vodafone.
Fri, Jul. 29, 12:55 PM
- Europe is set to sign off on a high-profile merger of Dutch operations between Liberty Global (LBTYA +0.7%) and Vodafone (VOD +0.4%) following some concessions, Reuters reports.
- That news is coming despite a tough regulatory regime that has scratched potential country mergers elsewhere, including a deal in Denmark between TeliaSonera and Telenor.
- Liberty and Vodafone offered concessions July 12 to get the deal done, sources told Reuters.
- The two would form the second-biggest telecom in the Netherlands and present a better competitive face to incumbent Royal KPN (OTCPK:KKPNY).
Wed, Jun. 15, 10:13 AM
Mon, May 9, 5:23 PM
Tue, Mar. 1, 4:58 PM
- Hutchison (OTCPK:HUWHY) is headed to a closed-door meeting with EU regulators to address objections to its £10.3B deal to buy out rival telecom O2 (TEF +4.3%), Reuters reports.
- The company will meet with the European Commission on March 7, along with rivals Sky (OTCQX:SKYAY +2.4%), Virgin Media (LBTYA +2.8%), TalkTalk (OTC:TKTCY), Vodafone (VOD +3.1%) and BT Group (BT +3.4%). Iliad (OTCPK:ILIAY +2.5%), the small provider owned by French billionaire Xavier Niel, could also take part.
- The long-in-the-works deal has generated plenty of heat, as the combination of Hutchison's Three UK (the country's No. 4 wireless provider) with Telefonica's O2 (the No. 2 provider) would create the country's largest, reducing the market to three major competitors.
- When the EC opened a full probe into the deal in October, the move suggested that heavy concessions were likely on the way to make the deal happen -- and they may include creating a smaller competitor. (TalkTalk has said it would love to help.)
- The UK tried to take over the probe, but the EC rejected that request and kept control of the deal investigation in early December.
- After hours: TEF -4.2%; LBTYA, VOD, BT flat.
- Previously: Europe rejects UK's effort to examine Three's O2 buyout (Dec. 04 2015)
- Previously: Europe opens full probe into Telefonica-Hutchison UK mobile merger (Oct. 30 2015)
Fri, Feb. 19, 11:39 AM
- Deutsche Telekom (OTCQX:DTEGY -0.9%) has suspended plans to sell its Dutch unit after terms from two bidders didn't meet expectations, the Financial Times reports.
- Two suitors had remained for T-Mobile Netherlands -- Warburg Pincus and Apollo -- but DT was looking for more than €3B, and the deal became more difficult with this week's news that Liberty Global (LBTYA -1.1%) and Vodafone (VOD -1.2%) were merging their Dutch operations in a joint venture to create a stronger competitor.
- A deal could be revived in the future, a source said, as DT still wants out of difficult markets where it can't add extra services.
- Previously: Reuters: Warburg Pincus enters fray for T-Mobile Netherlands (Nov. 12 2015)
Tue, Feb. 16, 1:03 AM
- Liberty Global (NASDAQ:LBTYA) and Vodafone (NASDAQ:VOD) are merging Dutch operations in a joint venture, in a bit of an appetizer before what could be a broader combination of operations in the future.
- It's a big appetizer, though -- the 50/50 venture is valued at more than €19B -- and the companies said discussions around the Netherlands venture haven't ranged into any other areas.
- The venture will sell mobile and cable under both companies' brands (Ziggo and Vodafone), and Vodafone will pay €1B as part of the deal to equalize their ownership.
- It will have more than 15M revenue-generating units, and the companies expect after the deal closes later this year that they'll see cost and revenue synergies of €3.5B (and €350M in integration costs).
Mon, Feb. 15, 9:30 PM
- Liberty Global (NASDAQ:LBTYA): Q4 operating income of $621.3M
- Revenue of $4.6B (-0.4% Y/Y) beats by $90M.
Tue, Feb. 2, 9:49 AM
- Vodafone (VOD -2%) and Liberty Global (LBTYA -0.5%) are back and talking about possible asset swaps again, after talks about trades in Europe (and maybe a merger?) fell apart last year, Bloomberg reports.
- Sources said the talks restarted since the beginning of 2016 and could include asset swaps and co-investments in "several" European countries.
- Again, though, talks are likely to center on the Netherlands (where Liberty wants to grow) and the UK and Germany, the largest markets for the two.
- After gaining earlier in London, shares are down 1.6% there and ADRs are off 2% on a day where the broader U.S. market is off to a rough start.