Friday, September 30, 2005

Fri - Liberty Media to buy Cablecom

Cablecom has cancelled their planned flotation after Liberty Media agreed to buy the Swiss communications company.

Liberty Media, the US media conglomerate controlled by John Malone will pay SFr2.83bn ($2.19bn) cash for Cablecom, which was simultaneously preparing for what would have been Switzerlands largets IPO since 1998.

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