$23 billion acquisition of Virgin Media may pose biggest threat yet to Rupert Murdoch’s Sky

$23 billion acquisition of Virgin Media may pose biggest threat yet to Rupert Murdoch’s Sky

Big news today in the British pay TV market — US-based Liberty Global is buying cable and internet provider Virgin Media in a stock and cash merger worth $23.3 billion, in a move that could bolster Virgin’s competitive position against Rupert Murdoch’s dominant BSkyB. The price refelects a 24 percent premium over Virgin Media’s closing share price on February 4th. Continue reading…

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$23 billion acquisition of Virgin Media may pose biggest threat yet to Rupert Murdoch’s Sky

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