Parent company UPC is negotiating with the Ziggo acquisition

The parent company of UPC is negotiating a takeover of Ziggo. That has Ziggo confirmed in a statement. Earlier it was already clear that Liberty Global, a bid had to be made, but the Dutch kabelaar be that offer.

Ziggo says in the statement, only that it is negotiating as a result of a bid from Liberty Global. “Further announcements will be made if and when relevant,” according to the kabelaar. Ziggo notes, furthermore, that this does not mean that the acquisition will indeed take place.

It is already clear that the parent company of UPC, Ziggo wants to take over. In October, Ziggo announced that Liberty Global, a bid had been released, after months rumors went and the parent company of UPC, slowly but surely, more shares, Ziggo had bought. In July, it was announced that the parent company of UPC 28.5 percent of Ziggo in hands. Whom more than 30 percent of the shares in a company on the stock exchange in the hands, is obliged to make a bid on the rest of the shares. It is not clear whether that’s going on here. Ziggo made last year known to the trade fair went.

If there is a takeover, would Liberty Global, the vast majority of the Dutch cable connections get your hands on. It is unclear what competition authority ACM of the takeover, but both companies have a regional monopoly and have to compete not directly with each other.