John Malone’s Liberty Global has reportedly held talks to acquire British B2B telco Daisy after snapping up local cableco Virgin Media last year.
Informal talks held in recent months over a takeover deal worth at least £500m (US$831m) have since…
John Malone’s Liberty Global has reportedly held talks to acquire British B2B telco Daisy after snapping up local cableco Virgin Media last year.
Informal talks held in recent months over a takeover deal worth at least £500m (US$831m) have since stalled as Daisy asked for £100m more, according to reports.
The companies declined to comment.
Listed on London’s junior stock market AIM, Daisy has grown rapidly through a series of acquisitions over the last few years to tie up the fragmented reseller marketplace.
Last month the unified telecoms services group announced a five-year deal to provide third party professional services and engineering support to Virgin Media, helping to boost its offering to enterprise customers.
Liberty Global, a pan-European cable company, bought Virgin Media in a US$23.3bn deal and in January this year agreed to take over Dutch cableco Ziggo.
It is often tipped as a potential bidder in European telecoms M&A, although senior vice president Manuel Kohnstamm was cited on Wednesday saying it is not actively seeking out acquisitions.
