‘Owner UPC wants Ziggo to take over’

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The American Liberty Global, owner of UPC, would be the phrases have taken on a takeover of cable company Ziggo. The owners of Ziggo would already plans have had to sell the business.

According to The Telegraph considering Liberty Global to bid on Ziggo, which is currently still in the hands of investment companies Warburg Pincus and Cinven. Liberty Global, however, has itself no explanation. Initially, they were the current owners plan to Ziggo of the hand to do that through an ipo. A takeover by Liberty Global, this would the job. Ziggo would be about 8 billion euros worth.

Liberty Global is an American cable company, that mainly has assets in Europe. Recently, it was already a German kabelaar acquired and also a Polish cable company was incorporated. Because of the uitbreidingsdrift is a plan to Ziggo, to take over not unlikely, but there were previously some sounds to the outside that Liberty Global, the money for acquisitions. It is unclear how in concrete terms a possible bid from Liberty Global in Ziggo; The Telegraph cites no sources or further details. It is not the first time that Liberty Global in connection with an acquisition of Ziggo.

UPC and Ziggo are by far the largest players in the cable connections in the Netherlands. If there is a deal to be closed, then the vast majority of the kabelaanbod in the hands of one company. Therefore, it is unclear whether any acquisition passage should be found; the NMa may decide that competition is harmed.