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LBTYA

Liberty Global, Inc.

6/19/2013, 6:25 AM ET

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Wednesday, June 19, 6:03 AM Liberty Global (LBTYA) is reportedly offering assets rather than cash in its €7.5B bid for Kabel Deutschland (KBDHY.OB) and would keep the latter's stock-market listing. The structure of the proposal is designed to assuage anti-trust concerns, as Liberty already owns Unitymedia, Germany’s second-largest cable operator. Liberty wouldn't have majority ownership of the combined entity at the holding company level, although it would have much influence. Comment! [M&A, Tech, Consumer]
Tuesday, June 18, 3:50 PM Is a bidding war breaking out for Kabel Deutschland? Bloomberg reports Vodafone (VOD +0.4%) has raised its preliminary bid for the German cable giant to €7.5B ($10B), or €85/share, matching an offer recently made by Liberty Global (LBTYA -0.1%). Vodafone is said to be studying Kabel's books "before it presents an official offer in the coming weeks." Kabel closed at €85.51 in Frankfurt, up 3.7%. (previous) Comment! [Tech, M&A, On the Move]
Monday, June 17, 3:50 PM Liberty Global (LBTYA -2.1%) has made a €7.5B ($10B) offer for Kabel Deutschland, the FT reports. Such a bid would trump the €7.2B ($9.6B) offer Reuters reported Vodafone (VOD +1.3%) recently made. The Sunday Times reported yesterday Kabel is holding out for €8B in equity (to go with €3B in assumed debt), and that Vodafone is preparing a new bid. Liberty's reported offer amounts to €85/share; Kabel closed at €82.47 in Frankfurt today. Update: Kabel confirms it has received an offer from Liberty. Comment! [Tech, M&A]
Wednesday, June 12, 6:07 AM Liberty Global (LBTYA) authorizes stock repurchase program of $3.5B to be completed over two years, replacing prior $1B stock repurchase program. Comment!
Friday, June 7, 1:26 PM Liberty Global (LBTYA +2.8%) officially becomes the world's largest cable operator today with the closing of the $24B deal to buy Virgin Media. The company now has 25.3M subscribers, compared to 22.3M for second place Comcast. Comment! [Consumer]
Monday, June 3, 2:21 PM Vodafone (VOD -0.5%) is once more interested in buying Kabel Deutscheland, but no final decision on a bid has been made, the WSJ's German site reports (translation). Vodafone reportedly tabled its plans to make a bid for Kabel this winter after news of its interest was leaked. Since then, Liberty Global (LBTYA) has also been named as a potential suitor for the German cable provider, and Vodafone has reportedly talked with Deutsche Telekom about offering a mobile/wireline bundle in Germany. Meanwhile, Vodafone's Australian unit is shuttering its 3 mobile brand, obtained in 2009 following its merger with Hutchison's Australian unit. Comment! [Tech, M&A]
Monday, May 6, 5:24 PM Liberty Global (LBTYA): Q1 EPS of $0.00. Revenue of $2.77B beats by $0.07B. (PR) Comment! [Earnings, Breaking News]
Thursday, April 25, 9:47 AM Telefonica (TEF -0.3%) is thinking of selling its German wireline ops, Bloomberg reports. One source adds Telefonica, which has been eying asset sales to pare its debt load, is open to sharing its mobile network with a rival or merging the business with KPN's (KKPNY.PK) E-Plus unit. Vodafone (VOD), which seems intent on growing its German wireline presence, is a logical buyer for the wireline business, which claims 2.4M broadband subs and has an estimated value of €2B ($2.6B). Liberty Global (LBTYA), reportedly eying Kabel Deutschland, is another possibility. Comment! [Tech, M&A]
Wednesday, April 17, 7:52 AM Liberty Global (LBTYA) is prepping for a takeover bid for Kabel Deutschland, according to German media. The target is the largest cable company in Germany and boasts a market cap of €6.2B ($8.1B). 1 Comment [Consumer, M&A, Global & FX]
Monday, April 15, 6:15 AM The EU has approved Liberty Global's (LBTYA) $15.8B acquisition of Virgin Media (VMED), saying it doesn't have any competition concerns as the companies operate pay-TV networks in different European countries. The deal will pit Liberty against News Corp (NWS) satellite-TV affiliate BSkyB (BSYBY.PK), or John Malone against Rupert Murdoch. (PR) Comment! [M&A, Top Stories]
Thursday, March 28, 7:38 AM Liberty Global (LBTYA) acquires a 12.65% stake in Ziggo for a deal price of $632.5M. The investment in the Dutch cable operator adds to the company's existing presence in the region's cable market. Comment! [Consumer, M&A]
Thursday, February 14, 4:57 AM Vodafone (VOD) buying Kabel Deutschland (KBDHY.OB) would be a sign its wireless-only strategy "is under severe threat" from converged solutions, Bernstein says, implying VOD "may well need to acquire further, expensive, fixed-line assets," and would bode badly for Deutsche Telekom (DTEGF.PK). Firm thinks VOD could look to add wireline assets in Spain, Germany and Italy, but not Liberty Global's (LBTYA). Comment! [Tech]
Wednesday, February 13, 6:03 PM Liberty Global (LBTYA): Q4 EPS of -$1.27. Revenue of $2.73B beats by $0.08B. (PR) Comment! [Earnings, Breaking News]
Wednesday, February 6, 1:07 AM As expected, Liberty Global (LBTYA) has agreed to acquire Virgin Media (VMED) for $16B in cash and shares, with the enterprise value of the deal $23.3B when debt is included. Liberty Global's offer of $47.87 per Virgin Media share represents a premium of 24% to the latter's closing price on Monday, prior to the news of the acquisition becoming public. (PR) 1 Comment [M&A, Top Stories, Consumer, Tech]
Tuesday, February 5, 3:35 PM A deal for Liberty Global (LBTYA -2.7%) to acquire Virgin Media (VMED +18.2%) has been struck, according to reporting from CNBC. David Faber says the final deal price is below $50. Comment! [M&A, Consumer, On the Move]
Tuesday, February 5, 4:38 AM U.K. cable TV operator Virgin Media (VMED) has confirmed speculation that it is in talks with John Malone's Liberty Global (LBTYA) "concerning a possible transaction." Virgin Media is +14.5% in London at 2,820 pence, giving it a market cap of £7.58B. The FT earlier reported that Liberty Global could make an offer in the coming days. (PR) Comment! [Top Stories, On the Move, Consumer, M&A]