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BUSINESS
February 16, 2002
* United Airlines confirmed that passengers began looking elsewhere for flights in anticipation of a strike set for next week after 13,000 mechanics and cleaners rejected a contract offer. * AT&T Wireless Services Inc. paid $3.8 billion for the 77% of TeleCorp PCS Inc. it doesn't already own, giving the third-biggest U.S. mobile phone company more than 900,000 new customers. The transaction was valued at $4.7 billion when announced Oct. 8. * Jeffrey Nugent, chief executive of Revlon Inc.
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BUSINESS
February 16, 2002
* United Airlines confirmed that passengers began looking elsewhere for flights in anticipation of a strike set for next week after 13,000 mechanics and cleaners rejected a contract offer. * AT&T Wireless Services Inc. paid $3.8 billion for the 77% of TeleCorp PCS Inc. it doesn't already own, giving the third-biggest U.S. mobile phone company more than 900,000 new customers. The transaction was valued at $4.7 billion when announced Oct. 8. * Jeffrey Nugent, chief executive of Revlon Inc.
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BUSINESS
September 8, 1999 | From Bloomberg News
Liberty Media Group, AT&T Corp.'s cable TV programming company, said Tuesday that it agreed to buy a stake in Europe's second-largest cable company for $493 million in cash. Liberty is forming a joint venture with Microsoft Corp. and cable firm United Pan-Europe Communications to cooperate on such issues as buying other cable companies and developing programs and technology. The three will own 14.5% of Denver-based UnitedGlobalCom Inc., which owns 62% of UPC.
BUSINESS
September 8, 1999 | From Bloomberg News
Liberty Media Group, AT&T Corp.'s cable TV programming company, said Tuesday that it agreed to buy a stake in Europe's second-largest cable company for $493 million in cash. Liberty is forming a joint venture with Microsoft Corp. and cable firm United Pan-Europe Communications to cooperate on such issues as buying other cable companies and developing programs and technology. The three will own 14.5% of Denver-based UnitedGlobalCom Inc., which owns 62% of UPC.
BUSINESS
June 3, 1999 | From Bloomberg News
United Pan-Europe Communications, Europe's No. 2 cable television company, agreed to buy @Entertainment Inc., owner of Poland's largest cable network, for $1.15 billion, extending its push into the Eastern European pay-TV market. UPC, 62% owned by Denver-based United International Holdings and 8% owned by Microsoft Corp., will pay $19 for each @Entertainment share, a 52% premium to Tuesday's close of $12.50. The price includes $400 million in assumed debt. U.S.
BUSINESS
May 21, 2003 | From Bloomberg News
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.
BUSINESS
August 2, 2002 | Bloomberg News
Liberty Media Corp., controlled by billionaire John Malone, agreed to buy France Telecom's Dutch cable television unit for $733 million, jump-starting its efforts to expand in Europe. Malone has been prowling for acquisitions as rivals such as France Telecom struggle to cut debt and others such as NTL Inc. have filed for bankruptcy protection. Casema marks his first European takeover since German regulators blocked Liberty Media's purchase of six Deutsche Telekom networks in February.
BUSINESS
October 10, 2001 | Bloomberg News
Liberty Media Corp. offered to buy as much as $1.5 billion worth of United Pan-Europe Communications' bonds in a move that analysts said is likely to give it control of Europe's second-biggest cable company for about $300 million. Englewood, Colo.-based Liberty, which has an agreement to take control of UPC's parent company, is unlikely to pay more than $300 million because the bonds are trading at less than 20% of face value, said Bala Ramakrishnan, high-yield analyst at Morgan Stanley & Co.
BUSINESS
May 30, 2001 | Bloomberg News
Liberty Media Group, the cable-television company run by John Malone, cut the price it will pay for UnitedGlobalCom Inc. shares by as much as 37% as the companies seek to form the largest cable TV provider. This is the second time the companies have changed terms of the merger, which was valued at $4.02 billion when first announced June 26. Since then, UnitedGlobalCom shares have fallen 73%. Bondholders rejected original terms of the agreement, leading to a February revision.
BUSINESS
March 11, 2000 | Bloomberg News
United Pan-Europe Communications, Europe's second-largest cable-television company, has agreed to buy the 77% of SBS Broadcasting it doesn't already own for $2.8 billion in cash and stock. UPC offered $40 cash and 0.19048 of a UPC share for each share of SBS, which owns TV and radio stations in 10 European countries. Harry Evans Sloan, a Los Angeles native who founded SBS after selling New World Entertainment to financier Ronald Perelman, will join UPC's supervisory board.
BUSINESS
June 3, 1999 | From Bloomberg News
United Pan-Europe Communications, Europe's No. 2 cable television company, agreed to buy @Entertainment Inc., owner of Poland's largest cable network, for $1.15 billion, extending its push into the Eastern European pay-TV market. UPC, 62% owned by Denver-based United International Holdings and 8% owned by Microsoft Corp., will pay $19 for each @Entertainment share, a 52% premium to Tuesday's close of $12.50. The price includes $400 million in assumed debt. U.S.
BUSINESS
August 24, 2000 | From Bloomberg News
Microsoft Corp. and its WebTV unit are developing a computer chip to be introduced in the fall that will power the company's new interactive television service. The Solo2 chip, being manufactured by Toshiba Corp., also can be employed in other devices and services that use the Internet, graphics and video.
BUSINESS
November 30, 1999 | JOSH FRIEDMAN
The selector: William K. Smith, founder of Greenwich, Conn.-based Renaissance Capital, which specializes in research on initial public stock offerings, and co-manager of the $15-million IPO Plus Aftermarket Fund (ticker: IPOSX), billed as the only mutual fund of its kind. * His record: Though it got off to a modest start, the fund, which is co-managed by Smith's Wharton School colleagues Kathleen Shelton Smith and Linda R. Killian, has hit full stride amid this year's IPO craze.
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