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

  • amazon-studios

    'Game of Thrones' Vet Vince Gerardis Signs Amazon Deal

    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 […]

  • Killing Eve Atlanta The Americans Emmy

    'Atlanta,' 'The Americans,' 'Killing Eve' Among TV's Showrunners' Emmy Contenders Picks

    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 […]

  • Charlamagne tha God

    Charlamagne tha God Sets HBO Interview Series

    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 […]

  • Sesame Workshop Logo

    Apple Teams With Sesame Workshop to Develop Kids' Programming

    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 […]

  • The Americans

    How TV Series Can Break Into the Emmy Race at Any Age

    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 […]

  • Ben DanielsHulu and Entertainment Weekly New

    Ben Daniels Joins Cast of 'The Crown' for Season Three

    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