You will be redirected back to your article in seconds

Virgin Media confirms Liberty talks

Deal could come soon, Virgin says

Virgin Media confirmed Tuesday that it’s in discussions with John Malone’s Liberty Global “concerning a possible transaction” and said “a further announcement will be made in due course.”

A deal could come today as Malone’s international television arm look set to make its biggest ever U.K. play. Virgin is the U.K.’s second largest pay TV operator after BSkyB so a sale would set the Denver-based billionaire up in Blighty against News Corp. chief Rupert Murdoch.

Virgin shares, which trade on the Nasdaq, closed up 18% at $45.61 on Tuesday. It’s got a market cap of $10.4 billion.

Liberty Global shares closed down 2.3% at $67.88.

Liberty Global’s cable and telephone biz spans 13 countries, with $10 billion in revenue and 20 million customers. It operates mostly in Europe, with offshoots in Chile in Puerto Rico. Subsids include UPC in Switzerland Kabel BW and UnityMedia in Germany, Telenet of Belgium, VTR in Chile and Chello Media, the company’s European content division.

Virgin was founded by Richard Branson whose Virgin Group still owns about 3% of it.

More TV

  • Cinema Audio Society 2018 Winners: 'Dunkirk,'

    'Dunkirk,' 'Game of Thrones' Win Cinema Audio Society Awards for Sound Mixing

    Virgin Media confirmed Tuesday that it’s in discussions with John Malone’s Liberty Global “concerning a possible transaction” and said “a further announcement will be made in due course.” A deal could come today as Malone’s international television arm look set to make its biggest ever U.K. play. Virgin is the U.K.’s second largest pay TV […]

  • 'Seven Seconds' TV show premiere

    Regina King Talks Heaviness of Role in 'Seven Seconds'

    Virgin Media confirmed Tuesday that it’s in discussions with John Malone’s Liberty Global “concerning a possible transaction” and said “a further announcement will be made in due course.” A deal could come today as Malone’s international television arm look set to make its biggest ever U.K. play. Virgin is the U.K.’s second largest pay TV […]

  • John Oliver Lawsuit Dismissed: 'Last Week

    John Oliver Victorious: Coal CEO's Defamation Suit Dismissed

    Virgin Media confirmed Tuesday that it’s in discussions with John Malone’s Liberty Global “concerning a possible transaction” and said “a further announcement will be made in due course.” A deal could come today as Malone’s international television arm look set to make its biggest ever U.K. play. Virgin is the U.K.’s second largest pay TV […]

  • Baz Luhrmann

    Olympic Figure Skating Revives 'Moulin Rouge' and Baz Luhrmann Is Loving It (EXCLUSIVE)

    Virgin Media confirmed Tuesday that it’s in discussions with John Malone’s Liberty Global “concerning a possible transaction” and said “a further announcement will be made in due course.” A deal could come today as Malone’s international television arm look set to make its biggest ever U.K. play. Virgin is the U.K.’s second largest pay TV […]

  • UnReal Athena Film Festival

    How Trump Beating Clinton Impacted the Gender Politics of 'UnReal' Season 3

    Virgin Media confirmed Tuesday that it’s in discussions with John Malone’s Liberty Global “concerning a possible transaction” and said “a further announcement will be made in due course.” A deal could come today as Malone’s international television arm look set to make its biggest ever U.K. play. Virgin is the U.K.’s second largest pay TV […]

  • Al Pacino as Joe Paterno

    TV News Roundup: Al Pacino's HBO Film 'Paterno' Releases Full Trailer, Premiere Date (Watch)

    Virgin Media confirmed Tuesday that it’s in discussions with John Malone’s Liberty Global “concerning a possible transaction” and said “a further announcement will be made in due course.” A deal could come today as Malone’s international television arm look set to make its biggest ever U.K. play. Virgin is the U.K.’s second largest pay TV […]

  • Nanette Fabray Broadway?s First Lady, Nanette

    Nanette Fabray, TV Star of the '50s and '60s, Dies at 97

    Virgin Media confirmed Tuesday that it’s in discussions with John Malone’s Liberty Global “concerning a possible transaction” and said “a further announcement will be made in due course.” A deal could come today as Malone’s international television arm look set to make its biggest ever U.K. play. Virgin is the U.K.’s second largest pay TV […]

More From Our Brands

Access exclusive content