“Media billionaire John Malone is eyeing a potential bid for the second-biggest U.K. pay TV operator Virgin Media, a deal that would set him up to challenge market leader Rupert Murdoch.
Virgin Media (VMED), which has a market value of over $10 billion and debt of $9 billion, confirmed it has been approached by Malone’s Liberty Global (LBTYA, Fortune 500)about a possible transaction. Liberty Global declined to comment. Liberty’s interest in buying Virgin was first reported by the Financial Times…”
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