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Virgin Media and Liberty in takeover talks

February 5, 2013 - Staff@seenituk

VirginMediaUK 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.”

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Tagged With: Telecoms

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