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€10bn UPC Ziggo deal

THE billionaire owner of UPC, John Malone, has clinched a takeover of Ziggo in a deal that values the Dutch operator and its debt at €10bn and expands the US firm's European empire.

In October, Ziggo rejected an offer from cable group Liberty Global, controlled by Malone. But a deal is now back on as the company continues to focus on the European cable market.