13 November 2009 - 09H20  

Liberty Global buys German cable operator Unitymedia
Michael Fries, CEO of Liberty Global Inc., speaks at the Washington Convention Center in April. Germany's Unitymedia, Europe's third biggest broadband cable operator, said on Friday it is being acquired by US-based Liberty Global (LGI) for 3.5 billion euros (5.2 billion dollars)
Michael Fries, CEO of Liberty Global Inc., speaks at the Washington Convention Center in April. Germany's Unitymedia, Europe's third biggest broadband cable operator, said on Friday it is being acquired by US-based Liberty Global (LGI) for 3.5 billion euros (5.2 billion dollars)

AFP - Germany's Unitymedia, Europe's third biggest broadband cable operator, said on Friday it is being acquired by US-based Liberty Global (LGI) for 3.5 billion euros (5.2 billion dollars).

The takeover is expected to be completed during the first half of 2010, pending regulatory approval, Unitymedia said in a statement. It is currently majority owned by private equity firms BC Partners and Apollo Management.

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