Broadband News Item

Virgin Media: Targeted for Takeover by Private Equity Group


Last updated: Monday, July 02, 2007 10:54:00 AM GMT

Virgin Media, the UK's largest cable broadband provider, is up for sale. A private equity group is said to be interested and has already made preliminary offers.

Virgin Media, the company recently formed from the acquisition of cable companies ntl and telewest, is up for sale.

Initial valuations put the company sale value at approximately £5.6bn.

If the sale goes through, it would be the second largest takeover of a UK business by private equity, after Boots.

Virgin Media has recently been in dispute with Sky over satellite channel pricing.

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