Feeds

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

$24bn ISP gobble completes

Top three mobile application threats

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VM boss Neil Berkett - now £42m richer - has been replaced by one-time News Corp man Tom Mockridge.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

Combat fraud and increase customer satisfaction

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

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.
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.
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.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.