blinkx

  • MEDIA: Bidding war for Virgin Media cable TV operator

  • 00:00:22
  • ITN Source
    • Browse

MEDIA: Bidding war for Virgin Media cable TV operator

The first shots have been fired in what is expected to be a fierce bidding war for Virgin Media - the cable TV operator. A private equity group has offered more than five and a half billion pounds for the company - despite an ongoing battle with Sky that's been costing Virgin both money and subscribers. The company hasn't revealed the identity of the bidder but it's believed to be The Carlyle Group - one of the world's largest private equity firms.

ITN Source | July 2, 2007Watch more videos from ITN Source

Tags:. .war. .group. .thats. .offered. .largest











Battle   Believed   Bidder   Bidding   Billion   Both   Cable   Carlyle   Company   Costing   Despite   Equity   Expected   Fierce   Firms   Five   Group   Half   Hasnt   Identity   Largest   Offered   Ongoing   Operator   Pounds   Private   Revealed   Shots   Sky   Source   Subscribers   Thats   Virgin   War