Liberty Global to Be Opportunistic About M&A, CEO Fries Says

Liberty Global Plc Chief Executive Officer Mike Fries says the telecommunications and broadband company will be opportunistic about mergers and acquisitions.

Liberty Global CEO Mike Fries talks to Bloomberg’s Ed Ludlow.

Source: Bloomberg

Liberty Global, which has operations in the UK, Ireland and Western Europe, has $4 billion of cash and will be patient deploying it, Fries said Thursday on the sidelines of Allen & Co.’s Sun Valley Conference.

“We will be patient and opportunistic about putting that to work,” Fries said in an interview with Bloomberg Television. “Mostly we are buying our stock, as you know. We are buying over 10% a year, likely more than that this year.”

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