Liberty Global (LBTYA) Stock Gains Today on Takeover Speculation

NEW YORK (TheStreet) -- Liberty Global (LBTYA - Get Report) shares are up 1.28% to $53.16 in early market trading on Tuesday following reports that the international telecommunications and television programmer is a takeover target, according to theNew York Times Dealbook.

Though yesterday's report does not suggest that a deal is imminent, the article does suggest that Vodafone (VOD) is a potential suitor with an outside shot at acquiring the company, while media conglomerates Comcast (CMCSA) and AT&T (T) are also seen as potential players in the coming years.

Exclusive Report: Jim Cramer's Best Stocks for 2015

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Liberty Global is the largest international cable television company in the world with a market cap exceeding $40 billion. Its customer base exceeds 27 million subscribers and it generates more than $20 billion in revenue annually.

The company denied being open to a takeover with CEO Michael Fries tellingthe paper that the company has no plans to sell at this time.

Continued here:

Liberty Global (LBTYA) Stock Gains Today on Takeover Speculation

Related Posts

Comments are closed.