Liberty Seeks Rest of UnitedGlobalCom
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John Malone’s Liberty Media International Inc. offered to buy the rest of UnitedGlobalCom Inc. for about $3.52 billion as part of his plan to combine his international cable television assets.
Pooling the assets in a new company, Liberty Global Inc., will make it easier for investors to value the companies, he said. Liberty Global Inc. will hold UnitedGlobalCom, the largest publicly traded cable TV company in Europe, and Liberty Media’s assets, including cable systems in Japan.
Malone already owns 53% of Denver-based UnitedGlobalCom and has 90% of the voting rights.
Liberty Media shares rose 54 cents to $44.23 on Nasdaq.
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