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Friday, November 14, 2014

Liberty eyes stake in ProSieben's streaming service-Handelsblatt, (NASDAQ: LBTYA)

John Malone's Liberty Global is in talks to purchase a 50 percent stake in ProSiebenSat.1's streaming service Maxdome, German daily Handelsblatt reported on Friday, citing industry sources. The move would be part of a global push int content by Liberty, which already owns German cable operator Unitymedia KabelBW.This year Liberty bought UK-based production group All3Media and a 6.4 percent stake in British broadcaster ITV.Maxdome is Germany's biggest streaming service in a market, which is expected to grow and become more competitive after U.S. streaming service Netflix launched there in September.Other streaming services active on the German market are Snap from Sky, Prime Instant Video from Amazon and Watchever from Vivendi.

Shares of LBTYA fell by 0.44% or $-0.21/share to $47.19. In the past year, the shares have traded as low as $37.98 and as high as $47.86. On average, 3247530 shares of LBTYA exchange hands on a given day and today's volume is recorded at 4190511.