UK cable TV and broadband provider Virgin Media has confirmed it’s in talks with Liberty Global, the US pay-TV firm owned by John Malone, concerning a possible take-over.
Virgin Media is the UK’s second largest pay-TV platform with 4.9m subscribers but the nation’s third largest platform behind Freeview and Sky.
According to the Financial Times. Liberty is lining up a potential takeover of Virgin which could be announced in the coming days.
In a statement Virgin Media confirmed “it is in discussions with Liberty Global, a leading international cable company, concerning a possible transaction.”