Reports say Liberty Global Ziggo takeover rejected

Earlier today reports in Germany claimed that Liberty Global has attempted a takeover of Ziggo, the Dutch cable firm. The reports seem to run contrary to Liberty Global chief executive Mike Fries, who quite recently claimed he was content with their strategic stake (28.5%)  in Ziggo, but reportedly they are looking to merge existing UPC operations in the country with Belgian firm Telenet.

Since this news emerged, however, more recent reports claim that this offer has been rejected, with Ziggo releasing a statement saying that it received a preliminary proposal from Liberty Global, but this was deemed “inadequate”.

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