Sunday, February 17, 2013
A Media Mogul Invades Britania
Liberty Global, John Malone's international media conglomerate, wants to buy Virgin Media. This would be his biggest move into the UK.
Will the deal work? Liberty is loaded with debt. Although Virgin Media is selling at a significant discount from comperable European media properties, Malone will have to pay a premium. Will the price be a bridge too far?
In this February 4th video, Lex's Stuart Kirk and Nikki Tait discuss the financing of a potential buyout, and whether Virgin Media's shareholders see Liberty as a good enough suitor for the UK cable operator: