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FRANKFURT (AP) – U.S. cable television operator Liberty Global Inc. said Friday it has agreed to pay euro2 billion ($3 billion) for all of Germany's second-largest cable TV provider, Unitymedia GmbH.
http://www.cedmagazine.com//News-Liberty-Global-Unitymedia-111309.aspx
Liberty Global expanded its reach into Germany on Friday by agreeing to buy Unitymedia from a private equity group in a E3.5 billion ($5.2 billion) transaction..Web Exclusive, news from the entertainment source: Variety.Liberty Global buys Unitymedia.
John Malone’s international cable operator is to acquire Germany’s second largest cable-television firm.
http://www.marketwatch.com/story/liberty-global-to-buy-unitymedia-for-52-billion-2009-11-13
U.S. cable giant earlier Friday acquired Germany's Unitymedia for €3.5 billion.
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NEW DELHI, INDIA, Nov 23, 2009 (MARKETWIRE via COMTEX) --
Basic material and technology shares led Wall Street's broad decline on Thursday, as bearish analyst comments on the semiconductor sector and a stronger U.S. dollar dented recent gains. As new market updates continue to fuel the current trading trend, Wall Street Sense analysts have issued valuable analysis on the following companies: Popular Inc. (NASDAQ: BPOP), Liberty Global Inc. (NASDAQ: LBTYA), Apollo Group Inc. (NASDAQ: APOL), Hansen Natural Corporation (NASDAQ: HANS), Cerner Corp. (NASDAQ: CERN) and UDR Inc. (NYSE: UDR).
A quick snapshot of today's reports follows, for the full report sign up today at Wall Street Sense:
-- Over the three months BPOP is on an uptrend with encouraging volumes
and current levels might be very good entry point...
-- For the past one month LBTYA is on an uptrend and has ended with a
higher bottom. The volumes ....
-- Apollo Group is a leader in for-profit education. Its University of
Phoenix, which makes up about 95% of its total revenue, has experienced
strong growth, partially due to the weak economy.
-- Hansen solid results during the second quarter reflect strong
performance of the Monster Energy(r) brand in the current...
-- CERN is showing smart upward move since October. Volumes are looking
strong and we believe....
-- UDR is among the best-positioned apartment REITs in the current
scenario. UDR's ongoing solid operational execution led to....
Unlike many companies that target only specific sectors for clients, Wall Street Sense is committed to teaching everyday people how to navigate a broader market and reap the rewards of participating in various sectors, no matter what their level of experience. We invite you to join our financial portal so that you can benefit from the above mentioned coverage, together with many others by signing up at www.wallstsene.com
Wallstsense.com is not a registered broker dealer or a registered investment advisor. However, we do use information from licensed analysts. No information accessed through the www.wallstsense.com or this release constitutes a recommendation to buy, sell or hold any security in any jurisdiction.
SOURCE: Wall St Sense
Tags: advisor broker dealer economy editors education energy investment investment opinion market nasdaq note nyse profit revenue security technology university us dollar
Companies: Apollo Group, Inc. (APOL), Cerner Corp. (CERN), Hansen Natural Corp. (HANS), Liberty Global Inc (LBTYA), Popular, Inc. (BPOP), United Dominion Realty Trust, Inc. (UDR)
CHICAGO, Nov 17, 2009 (BUSINESS WIRE) --
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Citigroup Inc. (NYSE: C), Liberty Global Inc. (Nasdaq: LBTYA), Comcast Corp. (Nasdaq: CMCSA), Deutsche Telekom AG (NYSE: DT) and Vodafone Plc (NYSE: VOD).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579
Here are highlights from Monday's Analyst Blog:
Citi to Sell Stake in Bellsystem24
Citigroup Inc. (NYSE: C) announced that it will sell stake in Bellsystem24 to U.S. private equity firm, Bain Capital Partners, in a deal that values the Japanese call center operator at $1.1 billion.
The company announced on Sunday that it will sell its 93.5% controlling stake in Bellsystem24 -- which it held through its Citigroup Capital Partners Japan Ltd. -- to Bain Capital Partners through a tender offer. The tender offer is expected to start on or before Nov 20 and be completed on Dec 30, 2009. Under the terms of the deal, Citi will receive 93.5 billion of yen ($1 billion) in cash.
Following the completion of the deal, Citi Holdings' assets will be reduced by $1.2 billion. However, Citi's net income and capital ratios will not be significantly impacted by this stake sale, the company said.
Liberty to Acquire Unitymedia
Liberty Global Inc. (Nasdaq: LBTYA) announced it will acquire all of the issued and outstanding capital stock of Unitymedia GmbH, the second largest cable TV operator in Germany. The total consideration will be approximately $5.2 billion. Liberty Global will acquire 100% of the shares of Unitymedia for an equity purchase price of around $3 billion and will also assume around $2.2 billion of net outstanding debt of Unitymedia. The deal is expected to be completed by the first half of 2010 subject to regulatory clearance.
Liberty Global is the second largest cable TV operator in the world. However, it is the largest international cable TV operator since Comcast Corp. (Nasdaq: CMCSA), the largest cable MSO in the world does not have any operation outside the U.S. As of now, the company has approximately 16.6 million customers in 14 nations, most of which are in Europe. On the other hand, Unitymedia has approximately 6.4 million RGUs (revenue generating units); including 4.5 million analog and digital basic cable subscribers and 1.9 million new service RGUs (digital TV Pay, retail broadband internet, wholesale MMA internet, and telephony).
Germany is one of the lucrative markets in Europe. In 2002, Liberty Global has failed in its attempt to acquire the cable TV business of Deutsche Telekom AG (NYSE: DT). Unitymedia has the highest uptake of digital TV and highest RGU per household in Germany. Integration of Unitymedia's operations with Liberty Global will create a formidable cable TV player in Germany to compete with Kabel Deutschland (the largest cable TV operator in Germany), Deutsche Telekom and Vodafone Plc (NYSE: VOD).
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Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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SOURCE: Zacks.com
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Tags: acquisition bandwidth business debt email e-mail equity europe germany household internet investment investment opinion japan market nasdaq nyse prices profit property research retail revenue securities security telephony tv wholesale yen
Companies: Citigroup, Inc. (C), Comcast Corp. (CMCSA), Deutsche Telekom AG (DT), Liberty Global Inc (LBTYA), Vodafone Group Plc (VOD)
Nov 16, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --
Liberty Global, Inc. (LGI) has entered into an agreement to acquire all of the issued and outstanding capital shares of Unitymedia GmbH, a Germany-based cable operator, from Unity Media S.C.A. The transaction is valued at approximately EUR3,500 million. The transaction is expected to close in the first half of 2010.
LGI is a US-based provider of video, telephone, and broadband internet services, while Unity Media S.C.A is an entity owned by Apollo Management, L.P. and BC Partners Limited.
Under the transaction, LGI will acquire 100% of the shares of Unitymedia for an equity purchase price of EUR2,000 million. Together with Unitymedia's reported net debt at September 30, 2009 of approximately EUR1,500 million, the total consideration is approximately EUR3,500 million.
The purchase prise represents a price multiple of approximately 7.4 times of Unitymedia's estimated 2010 adjusted earnings before interest, taxes, depreciation and amortization.
In terms of financing the transaction, LGI is targeting debt financing on Unitymedia's business of approximately EUR2,500 million, of which the net proceeds, after refinancing Unitymedia's existing debt and transaction costs, will be available to fund a portion of the equity consideration. LGI will fund the remaining equity purchase price with a combination of existing liquidity available to LGI, the net proceeds from the sale of $750 million in convertible notes, excluding an overallotment option, and the sale to SPO Partners & Co., a long-standing large shareholder, of 4.5 million shares of Series A common stock and 1.5 million shares of Series C common stock at a price of $21.375 per share for gross proceeds of approximately $128 million.
UBS Investment Bank is acting as lead financial advisor to Unitymedia in the transaction. Unitymedia was also assisted by Morgan Stanley, Nomura Holdings, HVB Group and Latham & Watkins. Goldman Sachs, Freshfields Bruckhaus Deringer LLP and Brunswick Group LLP are acting as financial, legal and PR advisors to LGI. Latham & Watkins LLP is acting as legal advisor to Unity Media on the transaction.
Deal Value (US$ Million) 5231.66 Deal Type Acquisition Sub-Category 100% Acquisition Deal Status Announced: 2009-11-13
Deal Participants
Target (Company) Unitymedia GmbH Acquirer (Company) Liberty Global, Inc. Vendor (Company) Unity Media S.C.A.
Deal Rationale
This transaction will enable Liberty Global to enhance its presence in Europe and adds significant scale to its global operations.
Tags: acquisition advisor bandwidth business debt earnings equity europe germany internet investment bank legal media refinancing video
Companies: Liberty Global Inc (LBTYA)
Nov 17, 2009 (Zacks.com via COMTEX) --
Liberty Global Inc. (LBTYA) announced it will acquire all of the issued and outstanding capital stock of Unitymedia GmbH, the second largest cable TV operator in Germany. The total consideration will be approximately $5.2 billion. Liberty Global will acquire 100% of the shares of Unitymedia for an equity purchase price of around $3 billion and will also assume around $2.2 billion of net outstanding debt of Unitymedia. The deal is expected to be completed by the first half of 2010 subject to regulatory clearance. Liberty Global is the second largest cable TV operator in the world. However, it is the largest international cable TV operator since Comcast Corp. (CMCSA), the largest cable MSO in the world does not have any operation outside the U.S. As of now, the company has approximately 16.6 million customers in 14 nations, most of which are in Europe. On the other hand, Unitymedia has approximately 6.4 million RGUs (revenue generating units); including 4.5 million analog and digital basic cable subscribers and 1.9 million new service RGUs (digital TV Pay, retail broadband internet, wholesale MMA internet, and telephony). Germany is one of the lucrative markets in Europe. In 2002, Liberty Global has failed in its attempt to acquire the cable TV business of Deutsche Telekom AG (DT). Unitymedia has the highest uptake of digital TV and highest RGU per household in Germany. Integration of Unitymedia's operations with Liberty Global will create a formidable cable TV player in Germany to compete with Kabel Deutschland (the largest cable TV operator in Germany), Deutsche Telekom and Vodafone Plc (VOD).
Get real-time market insights and profitable stock recommendations from the team of analysts at Zacks Investment Research.See all today's Analyst Blog entries.
Tags: acquisition bandwidth business debt equity europe germany household internet investment investment opinion market research retail revenue telephony tv wholesale
Companies: Comcast Corp. (CMCSA), Deutsche Telekom AG (DT), Liberty Global Inc (LBTYA)
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Liberty Global operates state-of-the-art broadband communications networks in 15 countries.
has extensive experience working with the following items: (Please click on the category to contact the Account Manager that specializes in the category.)
Bolsamania.com, Spain -... [+]. (PRN) - Pennsylvania Lottery Hosts Live Evening Drawing from 90th Annual PA Farm Show; Secretary of Agriculture Dennis C. Wolff Guest Drawing Official ... ... ::Read the Full Article
Liberty Global Now 100% Owner of IPS Multicanal, the Thematic Channel Operator in Spain and Portugal DENVER, Nov. 28 /PRNewswire-FirstCall/ -- Liberty Global, Inc. ("Liberty Global") (Nasdaq: LBTYA, LBTYB, LBTYK) today announced that, through its subsidiary chellomedia B.V.
http://www.kingsaudio.co.uk/Duplication_Equipment/Duplication_Equipment_122.html
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Liberty Global 2008 Summary Annual Review; LIBERTY GLOBAL REPORTS THIRD QUARTER 2009 RESULTS-UPC Holding B.V. Provides Selected Financial Information for the Period ...
FAIRFIELD, Conn. -- General Electric has proven skills lobbying on both ... Liberty Global Incorporated Class C Shares ...
Get the latest LBTYA - Liberty Global Incorporated Class A stock market performance data. TheStreet is the source for financial market news, trading stock, quotes, and personal ...
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http://www.portfolio.com/resources/company-profiles/Liberty-Global-Incorporated-Class-A-7552