[Horizon]

From the live webcast on now:

Neil Berkett to leave, his wish, once the deal is done. Liberty keen to retain the rest of the vm board and use their expertise across the combined group.

Combined company will be world's largest cableco, bigger than Comcast.

Liberty broadly intend to leave vm alone, they won't be changing vm's network, or trying to merge vm's tech with other european operations.

Liberty will use vm's expertise in mobile/quad play across the combined business.

Liberty Global and Vm will become a new UK based company, with HQ still in US and listed on nasdaq.

Liberty to put $3 billion additional debt onto vm's books.....its tax efficient, so they say, for them to do it.

Liberty agree with vm's strategy of not bidding for premium content.