Liberty Global buys Virgin Media
(02-06 11:35)
US-based cable operator Liberty Global said late Tuesday that it would buy cable television firm Virgin Media for US$23.3 billion in cash and stock.
According to the terms of the agreement, Virgin Media stockholders will receive for each share of the Britain-based firm US$17.50 in cash, 0.2582 Liberty Global Series A shares and 0.1928 Liberty Global Series C shares, which implies a price of US$47.87 for each Virgin Media share, AFP reports.
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