Liberty Global

The Style Network preps date with Virgin Media

Fashion and entertainment channel The Style Network has secured carriage on Virgin Media in the UK. The channel will launch on the cable platform, which is in the throes of being acquired by Liberty Global, on March 6. It will be channel 285 on the Virgin Media EPG. Style is run by Universal Networks International, […]

Liberty Global-Virgin Media benefits limited say analysts

While Liberty Global’s acquisition of Virgin Media will create scale and moderately improve the cable giant’s debt-to-EBITDA ratio, synergies created by the deal will be limited, according to Moody’s. The credit ratings agency also believes Liberty Global will retain the ability to do more acquisitions going forwards, but argues that consolidation of central and eastern […]

Analysts question US$24.3 billion price tag for Virgin Media

Financial analysts have questioned the price Liberty Global has agreed to pay for UK cable company Virgin Media. The deal has an enterprise value of US$23.3 billion, or almost nine times Virgin Media’s 2012 operating cash flow, and credit ratings agency Moody’s questioned the rationale for paying that much. “Although the transaction will help LGI […]

Liberty Global confirms US$23 billion Virgin Media deal

Liberty Global and Virgin Media have agreed a deal whereby the international service provider will acquire the UK’s sole large-scale cable operator in a stock and cash merger valued at approximately US$23.3 billion in enterprise value terms, including debt. The deal gives Virgin Media an equity value of US$16 billion.   Virgin Media shareholders will […]

Liberty Global ups stake in Telenet

Liberty Global has increased its stake in Belgian cable operator Telenet to over 58% after making a cash offer for shares in the company that it did not already own. Liberty Global intends to align the strategy and operations of Telenet with the rest of the international cable company. Liberty Global will also seek to […]

Switzerland’s Cablecom launches Horizon

Switzerland’s UPC Cablecom today becomes the second Liberty Global-owned cable operator to launch the next-generation Horizon set-top box, following last September’s launch in the Netherlands. The Horizon box offers features including a 3D user interface and the ability to record up to four channels at any one time and enables users to view TV programmes […]

LG makes “too low” Telenet offer

Liberty Global has made a per share offer of €35 for the remaining stake it does not own in Belgian cable operator Telenet. The European cable giant made the offer despite previous protestations from Telenet that the offer is too low. The Belgian cabler claims independent valuation specialists Lazard put a valuation range for the […]

Liberty Global to buy back US$1b of stock

International pay TV platform operator Liberty Global has said it plans to buy back another US$1 billion of its own shares. The company, which has pay TV operations in thirteen countries and also owns Chellomedia, has already been aggressively buying back its stock. Liberty embarked on a stock repurchase programme in 2005, since when it […]

Netflix bumped from Nasdaq 100 Index

Netflix has been dropped from the list of the top 100 companies on the US Nasdaq exchange and Discovery and Liberty Global have been added. Netflix’s share price has risen and fallen dramatically in recent times following key events including an aborted plan to split its service into separate streaming and delivery offerings  and its […]

Chellomedia expands management team

Chellomedia has announced a management shake-up that includes two new appointments. The Liberty Global-owned channel operator has appointed Simon Freer as chief commercial officer. In addition to overseeing revenue growth in the existing portfolio of 66 channels, the former global head of TMT at private equity firm 3i Group will lead Chellomedia’s corporate development team […]