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Article: Deals.(Deutsche Telekom sells its 6 German cable companies to Liberty Media)(Brief Article)
- Article from:
- CableFAX
- Article date:
- September 5, 2001
CopyrightCOPYRIGHT 2001 Access Intelligence, LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Deutsche Telekom agreed to sell its 6 German cable companies to Liberty Media [LMCa] for $4.9bln in stock and cash, putting an end to speculation that the deal wouldn't be complete by this week. Approval from antitrust authorities is needed. The deal was initially brokered in Feb, but was reworked amid falling asset values. Another deal was announced in June that would have had Liberty buy the systems for $4.7bln in cash and stock. The announcement Tues has Liberty paying about ...
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