Liberty to take over Dutch cable group Ziggo

Reuters News
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Posted: Jan 27, 2014 3:28 AM

BRUSSELS (Reuters) - U.S. cable group Liberty Global has agreed to buy Dutch operator Ziggo in a cash and share deal valuing the acquired business at 10 billion euros ($13.7 billion).

Ziggo, which in October rejected an earlier offer from Liberty as too low, said in a joint statement that the current offer implied a price of 34.53 euros per share compared with Friday's close of 33.25 euros.

The U.S. company already owns 28.5 percent of Ziggo. ($1 = 0.7307 euros)

(Reporting By Philip Blenkinsop; editing by Adrian Croft)