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Why Liberty Global Stock Went Up Today

TheMotleyFool

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Shares of both Liberty Global (NASDAQ: LBTYA)(NASDAQ: LBTYK) and Telefonica (NYSE: TEF) traded higher on Friday, after Bloomberg reported these telecommunication companies are planning to merge operations in the United Kingdom. Liberty Global's stock was the bigger winner from the news. Its Class A shares finished up 15% while its Class C shares rose 17%.

The response was more tempered for Telefonica, with shares rising 6% during the session.

Image source: Getty Images.

Source Fool.com

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