Call me an idiot but show me where real cash is involved in this deal?
Ah yes, it isn't cash it's all shares!
Maybe you think they should spend shares rolling out VOD and improving systems?
---------- Post added at 23:37 ---------- Previous post was at 23:34 ----------
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Originally Posted by Chrysalis
How is this to be funded do ntl have cash lying around to cover it or is it done in some fancy manner which doesnt need free cash?
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Erm. It's a merger. If it involved cash it'd be a takeover.
If you were to read the stories (not you personally but everyone commenting on this) you'd have seen that Branson et al are being offered a percentage of the combined company, which with this increased offer will have gone up. They are *not* being offered cash. 372p/share is an equivalent price in ntl/Virgin Mobile combined shares.