Ziggo Owners Make $4.4 Billion as Warburg, Cinven Sell

John Malone’s Liberty Global Inc. (LBTYA) owns a 15 percent stake in Dutch cable-television operator Ziggo NV (ZIGGO), according to a regulatory filing.

About 30 million Ziggo shares were owned by Liberty Global as of April 26, a filing on the Dutch financial markets regulator’s website showed today. Ziggo NV owners Warburg Pincus LLC and Cinven Ltd. sold about 34 million of their shares that day in a deal that raised 875.5 million euros ($1.1 billion).

Liberty Global “could well acquire Ziggo over the next 24 months,” Emmanuel Carlier, a Brussels-based analyst at ING Groep NV, wrote in a note today. In March, Malone’s cable giant bought a 12.7 percent stake in Ziggo from Barclays Plc (BARC) after the British bank failed to find enough buyers in a share sale.

Ziggo shares rose 0.4 percent to 27.14 euros at 14:34 p.m. in Amsterdam.

The European Union approved Liberty Global’s acquisition of U.K. cable provider Virgin Media Inc. (VMED) for $16 billion this month, the biggest media transaction since 2007. The Englewood, Colorado-based company has been acquiring European cable assets to expand in the continent’s pay-TV market.

To contact the reporters on this story: Martijn van der Starre in Amsterdam at vanderstarre@bloomberg.net; Ruth David in London at rdavid9@bloomberg.net

To contact the editor responsible for this story: Jacqueline Simmons at jackiem@bloomberg.net

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