As predicted Virgin Media is to delay its auction in the hope credit market turbulence will settle to allow private equity suitors to finance bids of up to $23 billion (E16.8bn).

The UK company had set a deadline of next week for initial offers, after an approach by Carlyle kicked off an auction. But its advisers are said to have ditched the timetable, and are expected to inform bidders of a fresh deadline early next week.

Other posts by :

1. Netflix gets downgrade on Warner Bros move
2. UK trims Orbex investment
3. Euro-bank sets up €500m space fund
4. Revenue jump forecast for Eutelsat
5. Moody’s upgrades Eutelsat’s debt rating
6. Rivada Space Networks wins spectrum dispute
7. Will we take an AI bubble bath?
8. Eutelsat shareholders upset over Rights Issue
9. Amazon Leo satellites en route to French Guiana

Categories: Articles, Business, M&A