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Apr. 15, 2013, 6:15 AMThe EU has approved Liberty Global's (LBTYA) $15.8B acquisition of Virgin Media (VMED), saying it doesn't have any competition concerns as the companies operate pay-TV networks in different European countries. The deal will pit Liberty against News Corp (NWS) satellite-TV affiliate BSkyB (BSYBY.PK), or John Malone against Rupert Murdoch. (PR) | Comment!
Feb. 6, 2013, 1:07 AMAs 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) | 1 Comment
Feb. 5, 2013, 3:35 PM
Feb. 5, 2013, 4:38 AMU.K. cable TV operator Virgin Media (VMED) has confirmed speculation that it is in talks with John Malone's Liberty Global (LBTYA) "concerning a possible transaction." Virgin Media is +14.5% in London at 2,820 pence, giving it a market cap of £7.58B. The FT earlier reported that Liberty Global could make an offer in the coming days. (PR) | Comment!
Aug. 15, 2011, 8:39 AM
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