NASDAQ listed cable giant Liberty Global has given up on plans to acquire Dutch cableco Ziggo, at least for the time being.
Mike Fries, Liberty CEO, told Dutch business paper Het Financieele Dagblad that at this point there are no negotiations with…
NASDAQ listed cable giant Liberty Global has given up on plans to acquire Dutch cableco Ziggo, at least for the time being.
Mike Fries, Liberty CEO, told Dutch business paper Het Financieele Dagblad that at this point there are no negotiations with Ziggo owners Cinven and Warburg Pincus about a transaction.
Liberty was left “in limbo,” Fries was quoted saying. He said the private equity owners had told Liberty that they are committed to an IPO of the Dutch business.
Cinven, Warburg Pincus and Ziggo all refused to comment.
Liberty Global already owns UPC, the second largest cableco in the Netherlands.
In the first half of 2011 Ziggo generated revenues of E724.6m, an increase of 7.1% compared to the first half of 2010.