As expected, Liberty Global (LBTYA) has agreed to acquire Virgin Media (VMED) for $16B in cash...

|About: Liberty Global, Inc. (LBTYA)|By:, SA News Editor

As expected, Liberty Global (LBTYA) has agreed to acquire Virgin Media (VMED) for $16B in cash and shares, with the enterprise value of the deal $23.3B when debt is included. Liberty Global's offer of $47.87 per Virgin Media share represents a premium of 24% to the latter's closing price on Monday, prior to the news of the acquisition becoming public. (PR)