Liberty Global (LBTYA) Stock: 17% Surge After Vodafone VodafoneZiggo Stake Purchase

TLDR Liberty Global agreed to buy Vodafone’s 50% stake in VodafoneZiggo for €1.0 billion cash plus a 10% equity stake in a new company called Ziggo Group. Ziggo Group will combine VodafoneZiggo (Netherlands) and Telenet (Belgium) into one Benelux telecom holding company. The deal targets €500 million in adjusted free cash flow by 2028 and [...]

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