Branson's Virgin Media Receives Buyout Bid

Authored by Mark Hefflinger on July 2, 2007 - 11:24am.

London - Richard Branson's Virgin Media, which provides bundled cable TV, landline, mobile and broadband services in the U.K., announced on Monday that it has received a bid to acquire the company from an unnamed group.

Reuters cited "sources familiar with the situation" as saying the suitor is U.S. private equity firm Carlyle Group.

The company recently announced that it was considering strategic options, including a possible sale of the company.

Virgin Media was created through the merger of cable TV operators NTL and Telewest with the mobile phone unit at Virgin.

 

Related Links:
http://biz.yahoo.com/bw/070702/20070702005673.html?.v=1

http://tinyurl.com/2ks7uj (Reuters)

http://www.virginmedia.com



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