Malone’s Liberty to Acquire Virgin Media for $16 Billion

Amy Thomson & Kristen Schweizer, Bloomberg 


John Malone’s Liberty Global Inc. agreed to buy U.K. cable-television provider Virgin Media Inc. for $16 billion in cash and stock to challenge Rupert Murdoch in Europe’s biggest pay-TV market. After the deal, about 80 percent of Liberty Global’s revenue will come from five countries -- the U.K., Germany, Belgium, Switzerland and the Netherlands... more