June 28, 2000 |
Japan's two biggest cable TV operators announced plans to merge, a move that would ally U.S. giants AT&T Corp. and Microsoft Corp. in the country's fledgling cable Internet business. Jupiter Telecommunications Co., 50% of which is owned by AT&T unit Liberty Media, said it will merge with Titus Communications Corp., which is 60% controlled by Microsoft.
April 14, 2000 |
AT&T Corp.'s Liberty Media Group said it may merge Jupiter Telecommunications Co., a Japanese cable-TV operator in which it owns a 40% stake, with rival Titus Communications, which is majority-owned by Microsoft Corp. Liberty, which is headed by cable veteran John Malone and owns stakes in dozens of media and technology companies, has talked to Microsoft about combining the two cable operators, Chief Executive Robert Bennett said. The new company could then sell shares to the public.
May 21, 2003 |
Liberty Media Corp. said it might spin off its non-U.S. investments into a new company to help finance acquisitions. Liberty's overseas investments include a 44% stake in Jupiter Telecommunications Co., Japan's largest cable television provider. Liberty's UnitedGlobalCom Inc. unit will own a 66% stake in Dutch cable provider United Pan-Europe Communications after a planned bankruptcy reorganization of United Pan-Europe.
December 24, 2001 |
Microsoft Corp. will pay $500 million for a 3% stake in Korea Telecom Corp., the nation's top provider of high-speed Internet connections, the South Korean government said. The software giant will buy bonds with warrants, paying a 38% premium to the stock's last traded price, said Hahn Chun Koo, a government official in charge of the nation's privatization of Korea Telecom.