Feeds

Virgin.net for sale

Any takers?

  • alert
  • submit to reddit

High performance access to file storage

Virgin.net has been thrown into a panic following newspaper reports that the ISP is up for sale.

The FT reports that City firm Lehman Brothers has been appointed to oversee the sale of the ISP - a joint venture between cable company NTL and Richard Branson's Virgin.

It claims a deal between the two partners - in which NTL would have retained the ISP and its 600,000 users and Virgin would have kept the portal - fell through earlier this year.

The pink paper claims Virgin.net is valued at around £240 million although whether it will make that in a depressed market remains to be seen.

A spokeswoman for Virgin.net declined to comment on the story but insisted that it had not been placed with the FT

"We don't know where they got it from," she said, sounding rather flustered.

Calls to Virgin.net's PR also drew a blank. It appears they were really caught on the hop.

And so they should be. Top of the list of possible buyers is Tiscali - the outfit that bought LibertySurf, WorldOnline and LineOne and then slashed the workforce by half. Oh, and Tiscali is also sniffing around IC24 and SupaNet - which is nice. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.