Cable Tie-Up: Liberty Global Strikes $23.3BN Stock & Cash Deal For U.K.?s Virgin Media

International cable company Liberty Global has struck a deal to acquire U.K. cable, broadband and mobile telephony company Virgin Media. Liberty's approach was confirmed yesterday by Virgin Media but the pair have now put out a joint release confirming the acquisition and its terms. The stock and cash merger puts an approximate value of $23.3 billion on the deal.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/71e6Tv-tsx0/

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