Billionaire John Malone & Co. in Talks to Acquire UK Cable Business (LBTYA) (VMED)
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Virgin Media (VMED) Acquired by Liberty Global (LBTYA) in $23.3B Deal
February 5, 2013 9:30 PM ESTIn a deal highly anticipated throughout the day, Virgin Media, Inc. (NASDAQ: VMED) announced an agreement Tuesday evening to be acquired by Liberty Global, Inc. (NASDAQ: LBTYA) for $23.3 billion in cash and stock.
The combined company will create one of the leading broadband communications company, covering 47 million homes and serving 25 million customers across 14 countries. The deal will be accretive to free cash flow.
The company... More
Virgin Media (VMED), Liberty Global (LBTYA) Boards Approve Deal - Faber
February 5, 2013 3:26 PM ESTCNBC's David Faber reported that boards of both Virgin Media, Inc. (NASDAQ: VMED) and Liberty Global's (NASDAQ: LBTYA) approved a deal. Price is still uncertain, although it is said to be below $50/share.... More
Virgin Media (VMED) Takeover is Either a 'Push' or a 'Boon' for TiVo (TIVO) - Analyst
February 5, 2013 11:54 AM ESTTiVo (NASDAQ: TIVO) shareholders are cautious early Tuesday following news Virgin Media Inc. (NASDAQ: VMED) is in discussions with Liberty Global, Inc. (NASDAQ: LBTYA) about a possible transaction. Virgin Media is an important partner of TiVo, so a deal could bring about change to the contract. However, Janney Capital analyst Tony Wible doesn't see major changes and said TiVo has been a sucess for Virgin Media and a deal could actually be a positive.... More