Liberty Gobal Inc. has acquired a stake worth 12.7% in Dutch cable television operator Ziggo NV from Barclays Plc following the British bank's failure to seek buyers in a share sale last week.

Liberty Global said that it paid Barclays' investment banking unit about 632.million euros for the deal.

The share purchase is part of Liberty's move to acquire more cable assets in Europe in a bid to grow in the pay-television market in the continent. Last month, the company reached agreement to acquire Britain's Virgin Media Inc. in a $16 billion deal, making it the largest activity since 2007.

Shares in Ziggo increased by almost 12% to 27.15 euros in Amsterdam.

Liberty's spokesman Bert Holtkamp declined to respond to the statements made by the company.