Netflix, Amazon among big losers as stocks tumble

Netflix and Amazon were among the biggest losers as Wall Street suffered in the wake of trading being halted in China, as share prices there collapsed. Both Netflix and Amazon were among the fastest-growing stocks in 2015 as their streaming services registered gains, and in the case of Netflix rolled out around the world. The […]

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 and Starz complete split

John Malone’s Liberty Media and US cable network Starz have completed their planned split.   Liberty had previously announced its intention to spin off Starz. The process was finalised last Friday and the two are now separately traded public companies and will be trading as such on the US Nasdaq exchange from the start of […]

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 […]