Tea Time At Liberty Global
Following our rumor report earlier this week (CTDaily,02/05/13), Liberty Global and U.K.-based Virgin Media will merge in a deal valued at approximately $23.3 billion. When all is said and done, the melding will cover 47 million homes and 25 million customers across 14 countries. The acquisition still needs vetting from both boards but John Malone, who controls more than 35 percent of the voting power at Liberty Global, says he backs the purchase. According to Mike Fries, president/CEO at Liberty Global, some 80 percent of his company’s revenue will come from just five countries: the U.K., Germany, Belgium, Switzerland and the Netherlands. Liberty Global also says it will change its address of record from Delaware to the U.K., but its physical offices will stay where they are.
Fujitsu, Panasonic Join LSI Forces
Fujitsu and Panasonic inked a MOU to consolidate their design/development functions when it comes to Panasonic’s and Fujitsu Semiconductor’s system large-scale-integration (LSI) businesses. The companies plan to establish a new entity under a fabless business model, focusing on high-performance servers and core technologies that support cloud infrastructure, including ultra-high-speed networks; visual and imaging enhancements for next-gen DTV and apps for image recognition; and products for mobile and extremely-low-power wireless connectivity that support ubiquitous networks.

The Daily



Charter upped Adam Ray to evp, sales operations & planning, adding oversight of sales, retention and analytics to his responsibilities. Sharon Peters, svp marketing, is now overseeing the full marketing function, including digital marketing. Tom Monaghan, svp, field operations, will now have oversight of all 11 operating regions, up from the 5 he previously oversaw. […]

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