Europe's leading cable operator Liberty Global plans to make "small, selective" acquisitions for content and help it make money from its core business of selling high-speed broadband and television services, said its finance chief. Liberty's Chief Financial Officer Charlie Bracken said the company had spent only about $300 million in cash on the content deals it had done to date. In July, it used cash and some derivative instruments to purchase a 6.4 percent stake in British broadcaster ITV from Sky Plc."We want to make small, selective strategic investments in content, and you will not see us make dramatic transformative moves for the time being," said Bracken at the Morgan Stanley Technology, Media and Telecom conference on Thursday."We have no plans to buy control of ITV."
Shares of LBTYA fell by 0.58% or $-0.27/share to $46.01. In the past year, the shares have traded as low as $37.98 and as high as $47.86. On average, 3381270 shares of LBTYA exchange hands on a given day and today's volume is recorded at 51419.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 1.21% or $-0.4299/share to $35.05. In the past year, the shares have traded as low as $28.31 and as high as $36.44. On average, 9982050 shares of MS exchange hands on a given day and today's volume is recorded at 212329.
Source
