Virgin Media Sold!

[Dos_Box]

This has just been posted by the BBC in the past hour: BBC News - Liberty Global to buy Virgin Media for $23.3bn

They have been brought out for $23.3bn (£15bn) by Liberty Global. This is still subject to shareholder and regulatory approval however. Interesting times.

[localzuk]

Wonder if they'll rebrand?

[Geoff]

Said they wouldn't on the radio. Move seems more aimed at Pay TV and giving Sky some decent competition than any interest in the data services.

[Dos_Box]

Wonder if they'll rebrand?

 

Nope, not for at least 30 years!

 

As part of that deal Sir Richard retained a 3% stake in the company, which has a 30-year brand licensing agreement with his Virgin Group.

[sparkeh]

Perhaps they can divert some of these new resources to finally getting my mobile bill sorted?!

[Dos_Box]

Perhaps they can divert some of these new resources to finally getting my mobile bill sorted?!

 

Apparently that part will be outsourced to the BT billing department.

Be afraid, be very afraid!

[LosOjos]

Hopefully they'll start aggressively laying new cable then, I've been desperate to return to Virgin for years but they have no cable in my area!