Liberty Media to Buy Cable Systems From DT
Bloomberg News
Liberty Media Corp., the creator and distributor of television programs that’s being spun off from AT&T; Corp., agreed to buy cable systems in Germany from telephone company Deutsche Telekom.
Terms weren’t disclosed. The agreement replaces a February accord under which Liberty and another investor were to buy 55%. Analysts estimate Liberty might pay 5.5 billion euros ($4.7 billion) for the cable systems with 10 million customers.
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