Investments

The details of our investments are set forth below:



Accounting Method	June 30, 2013		December 31, 2012
	in millions
Fair value:
Ziggo (a)	$	1,580.9	$	—
Sumitomo (b)	568.5		579.7
Other (c)	371.7		368.2
Total — fair value	2,521.1		947.9
Equity	0.9		1.7
Cost	0.4		0.5
Total	$	2,522.4	$	950.1

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(a)

During the first six months of 2013, we acquired an aggregate of 39.5 million shares of Ziggo N.V. (Ziggo), a publicly-traded company in the Netherlands, at an average price of €25.77 ($33.51) per share, for a total investment of €1,018.6 million ($1,324.7 million). Ziggo is the largest cable operator in the Netherlands in terms of customers. As a result of these investments, we owned 19.77% of the outstanding shares of Ziggo at June 30, 2013. In April 2013, we entered into a limited recourse margin loan agreement with respect to a portion of our investment in Ziggo, and on July 25, 2013, we acquired additional Ziggo shares pursuant to the Ziggo Transaction Agreement (as defined and described in note 14). Most of the Ziggo shares that we owned at July 25, 2013 were pledged as collateral under one or the other of these two arrangements. For additional information concerning these arrangements, see notes 7 and 14. During the second quarter of 2013, we received a cash dividend from Ziggo of $29.7 million.


(b)	At June 30, 2013, we owned 45,652,043 shares of Sumitomo Corporation (Sumitomo) common stock. Our Sumitomo shares represented less than 5% of Sumitomo’s outstanding common stock at June 30, 2013. These shares secure a loan (the Sumitomo Collar Loan) to Liberty Programming Japan LLC, our wholly-owned subsidiary.


(c)	Includes various fair value investments, the most significant of which is our 17.0% interest in Canal+ Cyfrowy S.A., a privately-held DTH operator in Poland.