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Liberty Global to buy Virgin Media

Liberty Global to buy Virgin Media

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). Help I Can Write My Essay The deal will create the world’s largest broadband company, with 25 million customers in 14 countries.

Dissertation Proofreading Services And Editing Uk In the UK, it will be the second biggest pay-TV business after BSkyB.

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

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

Custom Writing Clothing Source: BBC News

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