Liberty Global To Acquire Ziggo

Liberty Global, a U.S. cable group, has clinched a takeover of Ziggo NV (AMS:ZIGGO), in a cash-and-stock deal valuing Ziggo at about 10 billion euros, or about $13.7 billion.

The deal is set to cement Liberty’s dominance in Europe’s cable industry.

Liberty Global’s long-running pursuit

As reported earlier, Ziggo NV (AMS:ZIGGO) previously rejected a bid from John Malone’s Liberty Global, calling it ‘inadequate’ and saying that they aren’t sure if another, higher bid will be forthcoming.

Liberty Global, which owns 28.5% of Ziggo NV, bought Virgin Media Inc. (NASDAQ:VMED) earlier last year for $16 billion and made an offer on Kabel Deutschland...