Virgin Media Plc To Be Bought By Liberty MediaVW Staff
Liberty Global Inc. (NASDAQ:LBTYA) (NASDAQ:LBTYB) has made a $23 billion offer for Virgin Media Inc. (NASDAQ:VMED), according to reports today. The deal will see shareholders of Virgin Media take 36% of the new group, and take $6 billion in cash. That cash will be extracted from Virgin Media itself, in a complicated financing arrangement. The news came on the back of Virgin Media's earnings report.
If you are subscribed and having an account error please clear cache and cookies if that does not work email email@example.com or click chat