News Articles

Malone Pursues Virgin Media

UK cable giant confirms talks with Liberty Global 2/05/2013 11:24:59 AM Eastern

British cable giant Virgin Media confirmed that it is in
discussions with John Malone's Liberty Global concerning a possible takeover,
which could further solidify Liberty's dominance in the European cable
landscape.

"Virgin Media confirms that it is in discussions with
Liberty Global, Inc., a leading international cable company, concerning a
possible transaction," Virgin Media said in a terse statement Tuesday. "Any
such transaction would be subject to regulatory and other conditions. A further
announcement will be made in due course."

No formal offer has been made, according
to reports
, but Liberty Global is expected to launch its bid for the cable
giant within days. Virgin Media has a market capitalization of about $10.4
billion.

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here to read the full story at Multichannel News.

 

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