UPDATE 3-Liberty Global eyes Vodafone's Dutch joint venture stake, Bloomberg News reports

Liberty Global Plc Class A +0.36%
Vodafone Group Plc Sponsored ADR +0.40%
Dow Jones Industrial Average -0.51%
S&P 500 index -1.07%
NASDAQ -1.69%

Liberty Global Plc Class A

LBTYA

11.25

+0.36%

Vodafone Group Plc Sponsored ADR

VOD

12.59

+0.40%

Dow Jones Industrial Average

DJI

48458.05

-0.51%

S&P 500 index

SPX

6827.41

-1.07%

NASDAQ

IXIC

23195.17

-1.69%

Adds Liberty Global declined to comment in paragraph 2

- Liberty Global LBTYA.O has approached Britain's Vodafone VOD.L over a possible acquisition of its stake in their Dutch joint venture VodafoneZiggo, Bloomberg News reported on Friday, citing people familiar with the matter.

Vodafone, VodafoneZiggo and Liberty Global declined to comment on the report.

Liberty Global has expressed an interest in a deal and held on-and-off talks with Vodafone in recent months, the report said, adding that any transaction may value Vodafone's stake at more than 2 billion euros ($2.2 billion).

VodafoneZiggo, the 50:50 joint venture created in 2016, provides fixed, mobile, and integrated communication and entertainment services across the Netherlands.

Liberty Global is the third largest shareholder in Vodafone after the UAE's Emirates Investment Authority and American investment group BlackRock BLK.N.

Liberty Global CEO Mike Fries stated at a conference last year that while the VodafoneZiggo joint venture performed well, seven years was a long duration for such a partnership, prompting the need to evaluate its future direction.

($1 = 0.9168 euros)


(Reporting by Pushkala Aripaka, Prerna Bedi and Aby Jose Koilparambil in Bengaluru, and Anousha Sakoui in London; Editing by Shailesh Kuber and Mark Potter)

((Pushkala.A@thomsonreuters.com; X and LinkedIn: @pullthekart;))

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via