Liberty Global to Buy KBW

Liberty Global entered into an agreement to acquire Kabel BW Erste Beteiligungs GmbH, the third largest cable TV operator in Germany. KBW provides television, broadband Internet and telephony services in the German federal state of Baden-Württemberg. As of Dec. ...

Liberty Global entered into an agreement to acquire Kabel BW Erste Beteiligungs GmbH, the third largest cable TV operator in Germany. KBW provides television, broadband Internet and telephony services in the German federal state of Baden-Württemberg. As of Dec. 31, KBW's broadband communications network passed 3.7 million homes and served 2.4 million customers who subscribed to 3.9 million basic cable, pay TV, telephony and broadband internet services.

Liberty Global will acquire KBW through a series of transactions for a total consideration of approximately €3.16 billion ($4.48 billion), excluding transaction costs. The transaction is expected to close in the second half of 2011.
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