Private equity groups target Virgin Media
March 11, 2008
According to some British press four private equity groups are considering launching a takeover bid for Virgin Media despite continuing turmoil in the credit markets. According to The Observer, Cinven, Kohlberg Kravis Roberts and Providence Equity are prepared to offer $6 billion to $7.5 billion for the company in which Richard Branson’s Virgin Group holds a 10.5 per cent stake.
Other posts by :
- Bank ups Rocket Lab value
- Eutelsat “racing” to find extra cash
- Starlink causes problems for United Airlines
- Hanwha dumps Eutelsat OneWeb
- Bank: “FCC fires shot across the bows at EchoStar”
- IRIS2 is “dead in the water”
- How will Musk square the Indian subscriber circle?
- Tensions in South Africa over Starlink approval
- Starship #9 authorised for launch