COMPANIES Liberty Global, the international cable group chaired by John Malone, is close to sealing a €3.5bn ($5bn) deal to acquire Unitymedia, Germany’s second-largest cable television company, which had been preparing an initial public offering.
Unitymedia has been doing the groundwork for a flotation for almost a year, advised by UBS and Morgan Stanley, and had been expected to file an intention to float on Thursday, but was pre-empted by the acquisitive Mr Malone.
