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Liberty Global Inc.'s Chellomedia division raised its stake in the Sport1 channel in Central Europe to 80% for €43 million in cash, the company said.
Chellomedia increased its holding in Sport1, a channel broadcasting in Hungary, the Czech Republic and Slovakia, by buying a 55% stake from the company's other unidentified shareholder, it said today in an e-mailed statement.
Liberty Global, chaired by U.S. billionaire John Malone, is the largest owner of cable television systems outside the U.S. Chellomedia's main operations are based in London, Amsterdam and Madrid.