Liberty Capital (GLIBK) Acquires Quintillion in $360M Synergistic Deal
Liberty Capital Corporation (NASDAQ:GLIBK), a communication services company, has acquired Quintillion for $360 million. Quintillion owns approximately 3,000 kilometers of fiber optic cable and plans to expand it by another 2,500 kilometers, a move that aligns with Liberty's GCI operations. Quintillion reportedly generates $55-60 million in revenue and $30 million in free cash flow, with expected synergies of around $20 million from the deal. This acquisition is anticipated to boost Liberty Capital's valuation by approximately 35%. The company also decided to exit the competitive video business.
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Source:Yahoo财经 · Source Link
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