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Friday, November 14, 2014

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

Cable group Liberty Global is in talks to purchase a 50 percent stake in broadcaster ProSiebenSat.1's streaming service Maxdome, German daily Handelsblatt reported on Friday, citing industry sources.The move would be part of a global push into content by the U.S. group run by cable TV billionaire John Malone. Liberty already owns German cable operator Unitymedia KabelBW and this year bought UK-based production group All3Media and a 6.4 percent stake in British broadcaster ITV.Liberty Global and ProsSieben declined to comment.Maxdome is Germany's biggest streaming service in a market, that is expected to grow and become more competitive after U.S. streaming service Netflix launched there in September.

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.