closedownarrowexternal-linklogo-verticalmenu-barsearch Skip to main content
Jump to navigation
Virgin Media news

Recent reports that Virgin Media was to be targeted by a consortium of private investors have been denied.

The news broke in the Observer on Sunday March 9th, when the publication said that it had been privy to a document outlining proposals for a takeover bid by a number of private equity firms.

It was reported that investors planned to approach Virgin Media with an offer of between $6 billion (£2.97 billion) and $7.5 billion, which would give control of the company's broadband, TV and phone services.

The publication noted that it was thought investors would look to take advantage of Virgin Media's low market price.

However, a number of firms named as interested parties have since rejected the claims, informing Reuters that such a move would not be made.

According to the news agency, a source said that "a bid was not feasible in the current climate", adding that the group had not discussed the takeover since June of last year.

Join the conversation

comments powered by Disqus

Stay up to date

  • Google+ Follow uSwitchTech
  • Subscribe to our RSS feed

Latest Comments

  • Angela 6 days ago Complaint over broadband... I have tried to claim my £200 cash back over the past 9 months which I have never received or had any...
  • Josh Cropper 6 days ago Government scheme gets superfast... 10Mbps by 2020? Careful guys... They're gonna hack super fast dial up into your eyes by 2030 at this...
  • David Longstaff 1 week ago How to fix Sky Q's 'too bright'... Swiping, or clicking, right brings up the last program pop up then pressing back removes it, with no...

Search news