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Liberty Global to buy Virgin Media for $23.3bn

2013-02-06 01:00:00| Total Telecom industry news

Deal gives international cableco access to U.K. market; Virgin brand to stay.

Virgin Media Eyes Sale To US-Based Cable Firm

2013-02-05 15:31:27| Telecom - Topix.net

Sir Richard Branson owns a three percent stake in Virgin Media, which is listed in New York, with a secondary listing in London.

Tags: media sale eyes firm

Liberty Global eyes Virgin Media

2013-02-05 15:02:18| BBC News | Business | UK Edition

US billionaire John Malone's cable group Liberty Global is in discussions about a deal with Richard Branson's UK cable operator Virgin Media

Tags: media global eyes virgin

Virgin Media confirms talks with Liberty Global

2013-02-05 09:12:00| Telecompaper Headlines

(Telecompaper) Virgin Media confirmed it's in talks on a possible takeover by Liberty Global. The statement follows a report by the Financial Times saying the takeover could be announced in the coming days. According to the paper, the UK cable operator has an enterprise value of over USD 20 billion. Liberty Global has been looking for new growth markets in Europe, after last year becoming one of the biggest cable operators in Germany. It is also in the process of increasing its stake in Belgian operator Telenet. A takeover of Virgin Media would be its first foothold in the UK, also giving it an entrance on the mobile market where Virgin operates as a MVNO. Virgin Media said it was in discussions with Liberty Global "concerning a possible transaction". No further details were provided.

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