Debevoise & Plimpton LLP Advises the Special Committee of UnitedGlobalCom in Its Agreement to Merge with Liberty Media International; Transaction Valued at Approximately $3.5 Billion NEW YORK, Jan. 18 /PRNewswire/ -- Debevoise & Plimpton LLP is advising the Special Committee of the Board of Directors of UnitedGlobalCom, Inc. (NASDAQ: UCOMA) in connection with UnitedGlobalCom's agreement to merge with Liberty Media International, Inc. (NASDAQ:LBTYA) to form a new company to be named Liberty Global, Inc., which will be one of the largest owners and operators of broadband communications systems outside the United States. The transaction is valued at approximately $3.5 billion. The terms of the merger were negotiated and approved by the Special Committee and are subject to stockholder approval of both companies, which in the case of UnitedGlobalCom will include an affirmative vote of a majority of the shares not owned by Liberty Media International and its affiliates, as well as other customary consents and approvals. Liberty Media International, Inc. is the largest cable television operator outside the United States in terms of video subscribers and owns interests in broadband distribution and content companies operating outside the U.S., principally in Europe, Asia, and Latin America. UnitedGlobalCom, Inc. is a leading international provider of video, voice, and broadband Internet services with operations in 15 countries, including 12 countries in Europe. Debevoise & Plimpton LLP is a leading international law firm with offices in New York, London, Paris, Frankfurt, Washington, Moscow, Hong Kong and Shanghai. The Debevoise team is led by partners Franci J. Blassberg and Paul S. Bird and includes partner Peter A. Furci and associates Jonathan E. Levitsky, Kyle A. Pasewark and Emily Goldberg. DATASOURCE: Debevoise & Plimpton LLP CONTACT: Robin Shanzer, Media & Public Relations Manager Debevoise & Plimpton LLP, +1-212-909-1080

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