Liberty Global, part of a media empire controlled by US tycoon John Malone, said Monday it was selling most of its international television channels to AMC Networks for some $1 billion. Liberty, which claims to be the largest international cable company with operations in 14 countries, said it was selling its international content division Chellomedia.
The division includes Chello Multicanal, Chello Central Europe, Chello Zone, Chello Latin America and Chello DMC. Chellomedia's stakes in its joint ventures with CBS International, A+E Networks, Zon Optimus and other partners are also part of the deal, but Liberty Global will retain its Dutch premium channel business, including the Film1 and Sport1 channels. The enterprise value of the deal was set at 750 million euros or $1.035 billion. Liberty Global earlier this year acquired Britain's Virgin Media in a deal worth 17.2 billion euros. Liberty Global brands also include UPC, Unitymedia, Kabel BW, Telenet and VTR.
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