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Liberty Global to buy Virgin Media

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#1 johnporter29

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Posted 06 February 2013 - 09:40

US billionaire John Malone's cable group, Liberty Global, has agreed to buy the UK's Virgin Media in a cash and stock deal worth $23.3bn (£15bn).

The deal will create the world's largest broadband company, with 25 million customers in 14 countries. In the UK, it will be the second biggest pay-TV business after BSkyB.

Source: http://www.bbc.co.uk...siness-21347814


#2 vetStephen

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Posted 06 February 2013 - 10:38

"In the UK, it will be the second biggest pay-TV business after BSkyB." ... the second largest out of two :p (excluding the recent IPTV offerings of course)

#3 CPressland

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Posted 06 February 2013 - 10:41

"In the UK, it will be the second biggest pay-TV business after BSkyB." ... the second largest out of two :p (excluding the recent IPTV offerings of course)


I'd have to say compared with Sky and Virgin Media the IPTV offerings in the UK take a tiny percentage.

#4 Gaffney

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Posted 06 February 2013 - 10:53

Not sure if this is good or bad news.

#5 Shaun N.

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Posted 06 February 2013 - 10:55

Wont affect me, no cable in my street as its a new estate so they won't lay any down.

good to see Branson is planning his next space mission with some pocket money

#6 OP johnporter29

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Posted 06 February 2013 - 11:01

Surprised at how fast this has happened. Read an article yesterday detailing that Virgin Media was in takeover talks and then this morning it was all agreed lol

#7 watkinsx2

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Posted 06 February 2013 - 11:03

Branson has nothing to do with Virgin Media - they simply licence the name.

#8 jakem1

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Posted 06 February 2013 - 11:07

Not sure if this is good or bad news.


Hopefully it's not bad. I recently switched to VM for broadband and have been very happy with their offering and service. I'd hate to see the new owner run the business down.

#9 OP johnporter29

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Posted 06 February 2013 - 11:14

Branson has nothing to do with Virgin Media - they simply licence the name.


Richard Branson owns a 15% stake in Virgin Media (or used too I would guess, not sure if he would keep any stake under this deal).

http://en.wikipedia....Richard_Branson

#10 Tom

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Posted 06 February 2013 - 12:51

I'm sorry, who? Let's hope they don't make Virgin worse. For me, they're the best provider. Their customer service is abysmal but the service they offer is actually pretty awesome.

#11 vetneufuse

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Posted 06 February 2013 - 13:12

I've never heard of "Liberty Global"? just looked it up and it says they own in the USA "Liberty Cablevision" I assume that is just Cablevision the cable provider?... which seems to be the only US company they own? seems they own more european stuff then anything

Edit: maybe it's not cablevision, just did some more research, and it says Liberty Cablevision is a cable company in puerto rico....

#12 OP johnporter29

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Posted 06 February 2013 - 18:30

Apparently they operate services in 14 different countires, and with the purchase of Virgin Media will become the world's biggest broadband supplier....



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