Liberty Global to acquire Virgin Media in £15bn deal
Virgin Media is to be acquired by US cable group Liberty Global in a £15bn deal.
British company Virgin Media will be bought, subject to approval by shareholders, in a cash and stock agreement.
The news follows an increase in operating income for Virgin Media to £699m for the year end December, up from £540m in 2011.
The combined customer base of the two outfits will total 25 million customers across 14 countries. Virgin broadband, television and landline services are ...
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