Liberty Global Inc., John Malone's international cable business, has put its Chellomedia television-channel business up for sale, in a move that could lead to a deal valued at between $800 million and $1 billion, according to people familiar with the matter. <\/p>\n
Liberty Global, based in Douglas County, owns a collection of broadband networks in more than a dozen countries, including Germany and Belgium. Chellomedia is Liberty Global's content division, producing and distributing TV channels in a variety of genres including sports, movies and cooking to roughly 390 million households worldwide. <\/p>\n
About a month ago, Liberty Global hired advisers to help arrange a deal and is in talks with a handful of suitors, according to one of the sources. The business is expected to attract content providers and television networks. It's possible the talks could lead to a partial or full sale, a joint venture or no deal at all, one of the people said. Should a deal be struck, it could come by the fall, this person added. <\/p>\n
Chellomedia's reach in Eastern Europe, Latin America and other parts of the world with strong growth potential is attractive to suitors, according to one of the people. The company owns 48 of its 68 channels and has joint ventures for the remainder, Chellomedia's website says. <\/p>\n
It's unclear exactly why Liberty Global is considering unloading the business. Chellomedia, however, accounts for a small portion of the company's roughly $10 billion in annual revenue, which is derived mainly from cable-network operations. <\/p>\n
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Liberty Global puts Chellomedia business up for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Liberty Global Inc., John Malone's international cable business, has put its Chellomedia television-channel business up for sale, in a move that could lead to a deal valued at between $800 million and $1 billion, according to people familiar with the matter. Liberty Global, based in Douglas County, owns a collection of broadband networks in more than a dozen countries, including Germany and Belgium. Chellomedia is Liberty Global's content division, producing and distributing TV channels in a variety of genres including sports, movies and cooking to roughly 390 million households worldwide Continue reading