Debevoise & Plimpton LLP Advises the Special Committee of UnitedGlobalCom in Its Agreement to Merge with Liberty Media Internati
January 18 2005 - 12:14PM
PR Newswire (US)
Debevoise & Plimpton LLP Advises the Special Committee of
UnitedGlobalCom in Its Agreement to Merge with Liberty Media
International; Transaction Valued at Approximately $3.5 Billion NEW
YORK, Jan. 18 /PRNewswire/ -- Debevoise & Plimpton LLP is
advising the Special Committee of the Board of Directors of
UnitedGlobalCom, Inc. (NASDAQ: UCOMA) in connection with
UnitedGlobalCom's agreement to merge with Liberty Media
International, Inc. (NASDAQ:LBTYA) to form a new company to be
named Liberty Global, Inc., which will be one of the largest owners
and operators of broadband communications systems outside the
United States. The transaction is valued at approximately $3.5
billion. The terms of the merger were negotiated and approved by
the Special Committee and are subject to stockholder approval of
both companies, which in the case of UnitedGlobalCom will include
an affirmative vote of a majority of the shares not owned by
Liberty Media International and its affiliates, as well as other
customary consents and approvals. Liberty Media International, Inc.
is the largest cable television operator outside the United States
in terms of video subscribers and owns interests in broadband
distribution and content companies operating outside the U.S.,
principally in Europe, Asia, and Latin America. UnitedGlobalCom,
Inc. is a leading international provider of video, voice, and
broadband Internet services with operations in 15 countries,
including 12 countries in Europe. Debevoise & Plimpton LLP is a
leading international law firm with offices in New York, London,
Paris, Frankfurt, Washington, Moscow, Hong Kong and Shanghai. The
Debevoise team is led by partners Franci J. Blassberg and Paul S.
Bird and includes partner Peter A. Furci and associates Jonathan E.
Levitsky, Kyle A. Pasewark and Emily Goldberg. DATASOURCE:
Debevoise & Plimpton LLP CONTACT: Robin Shanzer, Media &
Public Relations Manager Debevoise & Plimpton LLP,
+1-212-909-1080
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