Liberty Global, the American cable giant, has sought to purchase more shares to increase its stake in its Dutch rival Ziggo from 12.65% to 15%. This was learned from the regulatory filing done by the American company in the Dutch financial market regulator AFM.
Last month, Liberty also bought Ziggo shares and said the acquisition was attractive because of the stock dividend provided at 7.4%.
The current share prices of Ziggo increased by 0.4% to Eur27.14 at mid day trading in Amsterdam.
The European Union had recently approved the acquisition of Virgin Media Inc by Liberty Global for US$16 billion just this month. This was the biggest media acquisition by the company since 2007.
The Colorado based firm has been on an acquisition spree of European cable assets in order to expand its continent's cable television market. Liberty also owns Dutch firm UPC, a rival of Ziggo in the Netherlands pay television market.
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