Liberty Global PLC Class A

AI video generator Higgsfield AI has raised $400 million at a $5.4 billion valuation, according to the Financial Times. Major backers include Goldman Sachs, Intel, DST Global, and Liberty Global, with other investors including Tribe Capital, Smash Capital, Fifth Wall, and NTT DOCOMO Ventures. The platform, which launched in 2025, reached $700 million in annualized revenue in August, up from $20 million about a year earlier. The valuation more than quadruples from the $1.3 billion set eight months ago, when the company raised $80 million. Competition in AI video generation is intensifying as foundational labs build advanced models while startups like Runway and Synthesia target applications for filmmakers, advertisers, and enterprises, though OpenAI announced the closure of its Sora video generation software in March 2026.

Liberty Global has completed its acquisition of Vodafone's 50% stake in VodafoneZiggo, creating Ziggo Group, a Benelux connectivity champion with 13 million customers and €6.6 billion of revenue. Vodafone received approximately €1.0 billion in cash and a 10% equity interest in Ziggo Group, which will hold Liberty Global's interests in VodafoneZiggo in the Netherlands and Telenet in Belgium and Luxembourg, with Liberty Global retaining the remaining 90%. The company plans to list Ziggo Group in Amsterdam in 2027 by spinning off its 90% stake to shareholders, a move intended to be tax free for US investors. VodafoneZiggo CEO Stephen van Rooyen has been appointed CEO of Ziggo Group, and Sunrise CFO Jany Fruytier will become CFO when operations begin in September. The financial separation of Telenet's and Wyre's credit facilities has also been completed, with Wyre drawing €2.71 billion of debt from its €4.35 billion bank facility, partly used to pay a €398 million dividend to Telenet and repay a €1.98 billion intercompany loan, enabling Telenet to repay €2.12 billion of its own debt maturing in 2028.

Liberty Global's clean energy unit egg Power signed a power purchase agreement with Amazon for 90 megawatts from the Chirmorie Wind Farm in Scotland, marking the largest onshore wind PPA ever signed in the UK. This is egg Power's second long-term supply deal this year, following one with Virgin Media O2 for the Grange solar farm. egg Power aims to deliver over 1,500 megawatts of clean energy capacity under long-term contracts by 2028, and has also secured rights to two other UK solar projects, Rainsbrook and Rag Lane. Earlier in January, egg Power secured a £400 million non-recourse debt facility from NatWest to support up to 500 megawatts of projects in the UK and Europe. For Amazon, the Chirmorie deal is its 50th carbon-free energy project in the UK, keeping it the country's largest corporate purchaser of clean power for a fifth straight year, with total UK carbon-free capacity set to exceed 1 gigawatt.