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Liberty Global Acquires 93.23% Of Telenet Group Holding Nv And Will Reopen Its Offer On 24 August 2023

Jul 19, 2023•over 2 years ago

Acquiring Company

Liberty Global

Acquired Company

TELENET GROUP

LondonMobileHardware

Description

Liberty Global plc (Liberty Global) (NASDAQ: LBTYA, LBTYB and LBTYK) announces today the results of the initial acceptance period of the voluntary and conditional public takeover bid by its indirect wholly-owned subsidiary, Liberty Global Belgium Holding B.V. (the Offeror) for all the shares of Telenet Group Holding NV (Telenet) that the Offeror does not already own or that are not held by Telenet (the Offer).

Company Information

Company

Liberty Global

Location

London, England, United Kingdom

About

Liberty Global is a world leader in converged broadband, video and mobile communications services, delivering next-generation products through advanced fiber and 5G networks. The company currently provides over 85 million connections across Europe, operating under well-known consumer brands such as Sunrise, Telenet, Virgin Media, UPC, and VodafoneZiggo.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed