Liberty Media's UnitedGlobalCom unit is to offer $932.2 million in stock for the remaining 33.5% stake in UGC Europe it doesn't own. The move is said to be part of Liberty's strategy to increase its minority stakes in companies it's invested in.
Comcast and Liberty Media have settled a dispute over the carriage of Liberty's Starz Encore on Time Warner Cable. The deal stipulates that Starz Encore will be paid on a per subscriber basis, rather than a flat fee.
Liberty Media said it is eyeing Vivendi Universal's entertainment assets and cable shopping channel QVC Inc. Chairman John Malone said he would consider combining VUE with Liberty's Starz Encore Group.
Liberty Media has agreed with Comcast on an independent appraiser to determine the value of QVC, which Liberty is buying from Comcast. Analysts say the acquisition could cost Liberty between $8 billion and $10 billion.