Josephine Moulds - guardian.co.uk - 5 February 2013
Bid for Virgin Media expected in days, say sources, raising prospect of
John Malone and Rupert Murdoch renewing rivalry Virgin Media has confirmed it is in takeover talks that could lead to a bid from US cable company Liberty Global in the coming days.
Any deal would put Liberty Global's chairman, John Malone, head-to-head with his occasional nemesis Rupert Murdoch in the fierce battle for the UK's pay-TV customers.
The company said on Tuesday: "Virgin Media confirms that it is in discussions with Liberty Global, a leading international cable company, concerning a possible transaction. Any such transaction would be subject to regulatory and other conditions."
The Financial Times reported [paywall] on Monday night that Liberty Global was preparing to make a bid for Virgin Media – which has an enterprise value of more than $20bn – citing several people familiar with the situation. It said the deal had not been finalised and could still fall apart.
The Financial Times reported on Monday night that Liberty Global was preparing to make a bid for Virgin Media – which has an enterprise value of more than
$20bn – citing several people familiar with the situation. It said the deal had not been finalised and could still fall apart
http://www.guardian.co.uk/media/2013/feb/05/virgin-media-liberty-global-takeover
