Liberty Global to buy German cable company in $5.2B deal

John Malone’s Liberty Global Inc. said Friday it will acquire Unitymedia GmbH, the No. 2 cable operator in Germany, for the equivalent of about $5.2 billion in stock buys and debt assumption. (Denver Business Journal)

Douglas County-based Liberty Global, which specializes in overseas cable properties, said it will pay $3 billion for 100 percent of Unitymedia’s outstanding shares from parent company Unity Media SCA, which is owned by shareholders led by private equity firms BC Partners Ltd. of London and Apollo Management LP of New York. Liberty also will assume $2.2 billion in Unitymedia debt.

Read the full story at denver.bizjournals.com.