US equity group eyes Virgin Media

A US private equity group is believed to be mulling over a $15bn (€21.9bn) takeover approach for cable company Virgin Media, according to reports today.

US equity group eyes Virgin Media
Sun, 20 May, 2007 - 15:03

A US private equity group is believed to be mulling over a $15bn (€21.9bn) takeover approach for cable company Virgin Media, according to reports today.

Providence Equity Partners is said to be leading a consortium that is considering making a bid for the group as the broadcasting giant struggles amid a high profile dispute with rival BSkyB.

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CourtsBusinessHeathrowPlace: USPlace: ProvidencePerson: KohlbergPerson: Kravis RobertsOrganisation: Virgin MediaOrganisation: Providence Equity PartnersOrganisation: BSkyBOrganisation: NTLOrganisation: ProvidenceOrganisation: SkyOrganisation: BlackstoneOrganisation: CinvenOrganisation: ITVOrganisation: Competition CommissionOrganisation: Office of Fair Trading
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