, Acquisition of Virgin Media opens new chapter for Malone’s Liberty Global
The acquisition of Virgin Media will open a new chapter in the history of John Malone’s cable group, Liberty Global Inc. According to a statement, Liberty Global Inc. will pay about $15.75 billion in stock and cash for the purchase of the British cable group. The acquisition of Virgin Media will increase competition in the UK pay television market, thus putting Rupert Murdoch’s dominance at stake.
