Deals
Sunrise in Advanced Talks for Liberty Global's Swiss UPC Unit
- Potential $6.3 billion deal is said to be possible this week
- Sunrise says any deal has to be ‘strategically compelling’
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Sunrise Communications Group AG is nearing a deal to acquire Liberty Global Plc’s Swiss business in a deal that would value the company at about 6.3 billion Swiss francs ($6.3 billion) including debt.
Sunrise, confirming an earlier report by Bloomberg, said Tuesday in a statement that it’s in “advanced discussions” with Liberty’s UPC Switzerland and no final decision has been made. An agreement could be announced as early as this week, said people familiar with the matter who asked not to be identified because the talks are private. The telecommunications companies may still decide against going ahead with a deal, the people said.