Liberty Global Buys Virgin Media For $23b As Billionaire John Malone Challenges Murdoch

Through a press release late on Tuesday, Liberty Global announced it had reached an agreement to acquire Virgin Media for an enterprise value of $23.3 billion.  The deal would pit billionaire John Malone against  Rupert Murdoch, with Liberty Group entering Europe’s largest pay-TV markets, directly challenging British Sky Broadcasting (BSkyB) and other Murdoch holdings.  It’s also the second large deal of the day involving a billionaire, after reports indicated Michael Dell orchestrated a deal to take the namesake company private.

 

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