Liberty Global bets $1 billion on Belgium

Liberty Global wants to take full control of its Belgian subsidiary Telenet and is willing to spend US$1 billion to do so.
The telecoms group has tabled a €22-per-share cash offer for all the Telenet shares that it does not already own, or that are not held by Telenet itself.
As of December last year that amounted to over 42 million shares, or a 37.7% stake. Should Liberty Global succeed in picking all of those shares up – and the smart money’s on it managing to do just that &nd