Liberty, Searchlight to Buy Choice Cable

Liberty Global and Searchlight Capital Partners will buy Puerto Rico’s second largest cable provider, Choice Cable TV, for $272.5 million, Liberty said in a news release Wednesday. Choice’s operations will be combined with Liberty Cablevision of Puerto Rico to form the island’s largest cable provider, 60 percent-owned by Liberty Global and 40 percent-owned by Searchlight. The deal needs regulatory approval and is expected to close in the first half of 2015, said Liberty.