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Thursday, November 20, 2014

Liberty Global charts careful course for content deals, (NASDAQ: LBTYA), (NYSE: MS)

Liberty Global, Europe's biggest cable operator, plans to make "small, selective" acquisitions for content which help it make money from its core business of selling high-speed broadband and TV services, its finance chief said on Thursday.Chief Financial Officer Charlie Bracken said the company had spent only about $300 million in cash on the content deals it had done so far.In July Liberty bought a 6.4 percent stake in British broadcaster ITV from satellite TV broadcaster Sky Plc for 481 million pounds ($754 million), but Bracken reiterated on Thursday that the investment was not a prelude to a takeover."We want to make small, selective strategic investments in content and you will not see us make dramatic transformative moves for the time being," Bracken said at the Morgan Stanley Technology, Media and Telecom Conference in Barcelona.

Shares of LBTYA fell by 0.71% or $-0.33/share to $45.95. 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 1413405.

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 0.73% or $-0.26/share to $35.22. 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 3372880.



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