Virgin Media has held takeover talks with Daisy Group
 

From The Times:

• Daisy Group provides communications services to businesses so a potential bolt-on to Virgin Media Business.
• Informal talks between Daisy Group and Virgin Media have taken place in recent months.
• It is not known if Virgin Media will bid for the company.
• Negotiations have stalled over price with Daisy holding out for a value of £600m compared to a current market value of £502m.

http://www.thetimes.co.uk/tto/busine...cle4032698.ece
http://www.daisygroupplc.com/

Re: Virgin Media has held takeover talks with Daisy Group
 

Interesting decision. Daisy also offer wholesale ADSL services which are resold by a few smaller companies to residential users.

Re: Virgin Media has held takeover talks with Daisy Group
 

Another interesting aspect is that under Liberty's ownership, Virgin Media does seem to be on the look-out for acquisitions, which I don't recall happening under the previous owners.

Re: Virgin Media has held takeover talks with Daisy Group
 

To be fair to the previous owners and management, that was for a very good reason. Merging ntl, Telewest and Virgin Mobile and turning the business around to make a profit were the priorities.

Buying up additional companies in addition to that would have been a distraction. Liberty bought VM when they did, and can now look at acquisitions, because of the work that had been done.

Re: Virgin Media has held takeover talks with Daisy Group
 

Hi Ben, I'm not implying that VM's strategy as an independent entity was better or worse than under Liberty Global's ownership, just highlighting what seems to be a difference.

Re: Virgin Media has held takeover talks with Daisy Group
 

By the way, the story on Sky News here http://news.sky.com/story/1225606/li...ith-500m-daisy seems to imply that it's actually LGI itself, rather than VM, that have been having the talks

Re: Virgin Media has held takeover talks with Daisy Group
 

Easy to forget I guess that VM can't acquire anything; they're a wholly owned subsidiary of LGI and can no more unilaterally acquire another company than any of the rest of the UPC family.

Re: Virgin Media has held takeover talks with Daisy Group
 

Confirmation that talks have ended."Liberty Global ends talks with Daisy over £500m takeover"
http://www.ft.com/cms/s/0/e6a37866-a...#axzz2vnKCaT9U