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Thursday, July 24, 2014

Liberty Global offers to sell pay TV channel for Ziggo deal - source, (NASDAQ: LBTYA)

U.S. cable group Liberty Global has offered to sell its pay TV channel Film1 in a bid to win EU antitrust approval for its proposed acquisition of Dutch rival Ziggo, a person familiar with the matter said on Thursday. Liberty Global, controlled by billionaire John Malone, also promised not to block either contractually or technically "over-the-top" TV service providers from accessing its Internet network for four years, the source said.

Shares of LBTYA fell by 0.16% or $-0.07/share to $42.78. In the past year, the shares have traded as low as $37.81 and as high as $46.46. On average, 3698380 shares of LBTYA exchange hands on a given day and today's volume is recorded at 200136.