Liberty Media International, the global cable group controlled by John Malone, on Tuesday announced a near $3.5bn cash and share offer to take control of United-GlobalCom, its partly-owned European affiliate.
Under the deal, Liberty Media International itself spun off from its US parent last year hopes to fold UGC into a new company called Liberty Global with more than 14m customers and a market capitalisation of about $10bn-$11bn.
