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Liberty Global to buy Virgin Media

Liberty Global to buy Virgin Media

pgce essay help 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).

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go site The deal will create the world’s largest broadband company, with 25 million customers in 14 countries.

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source In the UK, it will be the second biggest pay-TV business after BSkyB.

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follow site The merger, subject to shareholder and regulatory approval, puts Mr Malone in competition with Rupert Murdoch, whose media empire owns 39% of BSkyB.

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thesis master security Liberty Global already has operations in various European countries including Germany and Belgium.

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