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January 19, 2005 | From Bloomberg News
John Malone's Liberty Media International Inc. offered to buy the rest of UnitedGlobalCom Inc. for about $3.52 billion as part of his plan to combine his international cable television assets. Pooling the assets in a new company, Liberty Global Inc., will make it easier for investors to value the companies, he said. Liberty Global Inc. will hold UnitedGlobalCom, the largest publicly traded cable TV company in Europe, and Liberty Media's assets, including cable systems in Japan.
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BUSINESS
January 19, 2005 | From Bloomberg News
John Malone's Liberty Media International Inc. offered to buy the rest of UnitedGlobalCom Inc. for about $3.52 billion as part of his plan to combine his international cable television assets. Pooling the assets in a new company, Liberty Global Inc., will make it easier for investors to value the companies, he said. Liberty Global Inc. will hold UnitedGlobalCom, the largest publicly traded cable TV company in Europe, and Liberty Media's assets, including cable systems in Japan.
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BUSINESS
June 26, 2000 | From Bloomberg News
Liberty Media Group, AT&T Corp.'s cable-television unit, has agreed to buy a 72% voting stake in UnitedGlobalCom Inc. for $3.48 billion, creating the largest cable-TV company outside the U.S., people familiar with the transaction said Sunday. The agreement boosts Liberty's stake in UnitedGlobalCom to 82%, while giving it a 45% equity stake. The company, run by cable pioneer John Malone, will buy 75.3 million UnitedGlobalCom Class B shares, valued at $3.
BUSINESS
December 5, 2000 | Bloomberg News
Excite@Home called off a joint venture with Dutch communications giant UnitedGlobalCom to deliver high-speed Internet access overseas. Executives of the cable modem company said market conditions led UnitedGlobalCom to ask for changes in terms of the deal, and the alternative proposals offered would hamper Excite@Home's international expansion. When the deal was announced in July, the companies said it would create the largest provider of high-speed Internet access outside North America.
BUSINESS
December 5, 2000 | Bloomberg News
Excite@Home called off a joint venture with Dutch communications giant UnitedGlobalCom to deliver high-speed Internet access overseas. Executives of the cable modem company said market conditions led UnitedGlobalCom to ask for changes in terms of the deal, and the alternative proposals offered would hamper Excite@Home's international expansion. When the deal was announced in July, the companies said it would create the largest provider of high-speed Internet access outside North America.
BUSINESS
July 19, 2000 | Associated Press
Excite@Home Corp., owner of the popular Excite Web portal and the Excite@Home cable modem network, said it's hooking up with Dutch communications giant UnitedGlobalCom to deliver high-speed Internet access outside North America. The joint venture, to be called Excite Chello, will operate in 15 countries in Europe, Asia and Latin America--markets in which the new company will own exclusive cable modem rights to 30 million homes. Each company is contributing $93.
BUSINESS
August 20, 2003
* Liberty Media Corp., the investment company controlled by John Malone, agreed to buy the Class B shares of UnitedGlobalCom Inc. that it didn't already own for $141.2 million in stock. The purchase would give the Englewood, Colo.-based company 96% of the voting rights for UnitedGlobalCom shares. * Thor Industries Inc., the maker of Airstream trailers, agreed to buy motor-home manufacturer Damon Corp. for $46 million to become the largest U.S. producer of recreational vehicles by sales.
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
November 11, 2004 | From Bloomberg News
AES Corp. on Wednesday disputed California Treasurer Phil Angelides' assertions that the company paid too much to its top five executives. AES said equity compensation for its top five executives in 2003 was 19% of total equity compensation granted to all workers, not the 62% cited by Angelides this week. The company also said stock-based pay was tied directly to the company's performance.
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
July 19, 2000 | Associated Press
Excite@Home Corp., owner of the popular Excite Web portal and the Excite@Home cable modem network, said it's hooking up with Dutch communications giant UnitedGlobalCom to deliver high-speed Internet access outside North America. The joint venture, to be called Excite Chello, will operate in 15 countries in Europe, Asia and Latin America--markets in which the new company will own exclusive cable modem rights to 30 million homes. Each company is contributing $93.
BUSINESS
June 26, 2000 | From Bloomberg News
Liberty Media Group, AT&T Corp.'s cable-television unit, has agreed to buy a 72% voting stake in UnitedGlobalCom Inc. for $3.48 billion, creating the largest cable-TV company outside the U.S., people familiar with the transaction said Sunday. The agreement boosts Liberty's stake in UnitedGlobalCom to 82%, while giving it a 45% equity stake. The company, run by cable pioneer John Malone, will buy 75.3 million UnitedGlobalCom Class B shares, valued at $3.
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