Quote:
Originally Posted by broadbandking
Well I doubt Liberty Global will let that happen, you have remember they are a very rich company and I can see the debt decreasing as times goes on.
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Liberty Global are carrying huge amounts of debt.
The press speculation was that the Virgin deal became viable for them because Virgin had recently become profitable [aside from debt repayments] and they were looking at it as a cash cow (much in the same way that Media Corp want to control all of Sky for a similar reason) to help them pay down their overall debt. (At least that was my reading of the reports)