Advanced Television

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.

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