Liberty Global to buy Virgin Media


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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/news/business-21347814

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"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)

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"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.

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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

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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

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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.

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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....

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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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