Liberty Global to acquire Virgin Media for $23.3 billion
02/06, 5:59am
Acquisition to give Virgin Media stronger position against Sky
British cable service provider Virgin Media has been acquired by Liberty Global. The deal, worth $23.3 billion in cash and stock, gives Liberty a bigger stake in European businesses, as well as providing both companies the chance to save around $180 million per year after regulatory and shareholder approval and the acquisition closes.

