Quote:
Originally Posted by craigj2k11
i never said bought, but "took over"
do you care to expand, im a bit lost still
|
Virgin Media did not buy anything nor took over anything. It did not exist until NTL took over Telewest.
Once the takeover of TW by NTL happened they then approached Virgin to use their name under the title Viirgin Media, part of the agreement was that Virgin group and indeed Richard Branson got some shares in the new company and it also allowed an injection of much needed cash.
Richard Branson sold a majority of his shares within 2 years but still retains some purely due to the deal allowing NTL to use the name Virgin Media.
If anyone can supply more info-feel free!