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Old 03-08-2007, 13:53   #286
Media Boy UK
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Re: Virgin Media News

The sale of Virgin Media may be postponed because recent financial market conditions mean that potential private equity buyers are questioning whether offers for such a large target can be financed.

The cable giant had requested bids to be submitted by 8 August but it is now expected to name a new deadline next week.

However, according to reports the delay should not prove too much of a problem for Virgin because the sale process is at such an early stage.

For full story: http://www.broadcastnow.co.uk/broadc...StoryID=170437
Info from Broadcast.
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