Liberty Global Closing In On Cable & Wireless Communications Merger

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Liberty Global Closing In On Cable & Wireless Communications Merger

It looks like John Malone and Liberty Global are at it again. According to knowledgeable sources who spoke to the Wall Street Journal, Liberty Global is in advanced negotiations  to purchase Cable & Wireless Communications PLC. The sources noted that the value of a deal could top $5 billion, and will expand the cable conglomerate‘s footprint in the Caribbean and the Americas.

It’s even possible that a deal could be finalized before both firms are due to report results in the first week of November, according to one of the sources. That said, it is also still possible that the talks will fall apart before an agreement can be made.

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