It was Easynet, and there was a reason they only picked that up for £5m... because its...
Anyway, before I swear, lets see what I found!
Quote:
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Private equity bidders for Virgin Media are expected to cut the cost of buying the UK cable operator by inviting big shareholders – such as Sir Richard Branson and Franklin Templeton, the US fund manager – to keep stakes in the company.
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http://www.ft.com/cms/s/c5606088-387...b5df10621.html
Looks like Sir Rich and the Virgin name will stay! Hurrah!
---------- Post added at 00:32 ---------- Previous post was at 00:31 ----------
Also:
Quote:
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Virgin has rebuffed suggestions that would-be suitors for Virgin Media will pull the plug on the brand and has given its strongest indication yet that it will invest more in the cable company rather than sell out.
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http://www.marketingweek.co.uk/item/57134/254/260/3
Thats good to know... After all the talk of selling off the Arms of VM, VMTV et al, this is kind of a relief!