Malone’s €5.7bn sale is blocked

The plans of billionaire cable mogul John Malone — who owns Virgin Media cable and broadband, as well as hotels in Ireland — for a $6.4bn (€5.7bn) sale of UPC Switzerland fell apart after would-be purchaser Sunrise Communications concluded its shareholders won’t support the move.

Malone’s €5.7bn sale is blocked
Wed, 23 Oct, 2019 - 01:02
Bloomberg

The plans of billionaire cable mogul John Malone — who owns Virgin Media cable and broadband, as well as hotels in Ireland — for a $6.4bn (€5.7bn) sale of UPC Switzerland fell apart after would-be purchaser Sunrise Communications concluded its shareholders won’t support the move.

Sunrise chief executive Olaf Swantee said in an interview that the deal was “dead”.

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CourtsPlace: IrelandPlace: Western EuropePerson: MalonePerson: John MalonePerson: Olaf SwanteePerson: MirabaudPerson: Neil CamplingOrganisation: Virgin MediaOrganisation: UPC SwitzerlandOrganisation: Sunrise CommunicationsOrganisation: SunriseOrganisation: UPCOrganisation: Liberty GlobalOrganisation: Tele-CommunicationsOrganisation: AT&T Inc.Organisation: Millicom CellularOrganisation: M&Organisation: Liberty Latin AmericaOrganisation: MillicomOrganisation: Bloomberg
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