Feeds

Who's the daddy of Virgin Media now? That would be Liberty Global

$24bn ISP gobble completes

The Essential Guide to IT Transformation

US cable giant Liberty Global has completed its takeover of Virgin Media in a $24bn (£15.5bn) cash deal.

VM boss Neil Berkett - now £42m richer - has been replaced by one-time News Corp man Tom Mockridge.

The telco's new CEO told the city that he was glad to be "joining the company at this important inflection point in its development".

Shares in the company will begin trading on Wall Street from today.

Virgin Media has more than 5 million subscribers on its books. It will retain its brand under its new parent company.

In April, the ISP reported that revenues that surpassed £1bn in its final quarter before being acquired by Liberty Global. At the same time, Virgin Media's debt stood at more than £6bn. ®

The Essential Guide to IT Transformation

More from The Register

next story
Scotland's BIG question: Will independence cost me my broadband?
They can take our lives, but they'll never take our SPECTRUM
Trying to sell your house? It'd better have KILLER mobile coverage
More NB than transport links to next-gen buyers - study
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Speak your brains on SIGNAL-FREE mobile comms firm here
Is goTenna tech a goer? Time to grill CEO, CTO
NBN Co adds apartments to FTTP rollout
Commercial trial locations to go live in September
Samsung Z Tizen OS mobe is post-phoned – this time for good?
Russian launch for Sammy's non-droid knocked back
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.