Thread: US Cable Giant Liberty Global buys Virgin Media
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Old 05-02-2013, 16:32   #50
Horizon
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Join Date: Feb 2006
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Re: Virgin up for sale?
Quote:
Originally Posted by telfordcable View Post
Virgin Media go into administration if a deal broke down with Liberty Global. I hope they go into administration, cos serve them right!
You do realise, don't you, that vm have an annual revenue of $4 billion? That's why Liberty Media is sniffing around VM now. They are making money and although their debt is huge, Liberty have deep pockets and bring $4 billion of cash (should they wish to use it) to the table. Any bank will lend erm the rest.
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