Liberty make further moves on Telewest
Posted by Simon Perry on 14 June 2002 at 12:45 pm | Tagged as: Distribution
A further move by Liberty sees them gaining additional control over Telewest, this time indirectly. Liberty already owns 25% of Telewest stock and by allegedly buying Telewest’s bonds (debts) not only will they be able to strongly oppose decision they don’t like but they’re buying it at a 40% discount. Another smart move by John Malone’s company.
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