Virgin Media up for sale
Only a few months after unveiling a new common brand following the merger of cable operators NTL and Telewest with Virgin.net, Virgin Media has appointed Goldman Sachs to advise it in relation to a possible buyout.
It is being widely reported that Carlyle Group, a private equity firm is the key contender. The company, of which Richard Branson is the largest shareholder, has been in battle with BSkyB over pricing of Sky channels. The BBC reports that the offer by Carlyle would value Virgin at £5.6bn.