Unitedglobalcom (NASDAQ:UCOMA)
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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