Liberty Global To Buy German Cable Co. For $5.2B

Law360, New York (November 13, 2009, 4:46 PM EST) -- Liberty Global Inc. announced Friday its plan to buy Unitymedia GmbH — the third-largest broadband cable operator in Europe — for €3.5 billion ($5.2 billion).

The Englewood, Colo.-based Liberty Global said it would acquire all issued and outstanding capital stock in Germany's Unitymedia for an equity purchase price of €2 billion ($3 billion), and would take on the company's reported net debt of approximately €1.5 billion ($2.2 billion).

The deal comes as Unitymedia — which is owned by a consortium of shareholders led by private equity...
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