06/08/2007

Virgin attracts Liberty Global

Liberty Global may join the battle for Virgin Media with a bid of £11bn.

BSkyB asked to delay the court case with Virgin Media re the Sky channels which Sky withdrew over pricing, which means it wont be heard until next year at the earliest. Normally Virgin Media would have pushed to have the case heard as early as possible so they get the channels back and stop losing customers.

Unfortunately an in-court case could delay any sale pending the outcome. It's much better for Virgin Media to delay the case and let a sale go through, then deal with BSkyB.

Unfortunatey it's bad news for customers who aren't likely to get their Sky content back for a year.
Post a Comment