New York, NY (Tuesday, January 18, 2005) – LAWFUEL – The Law News Network – 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.
