Stocks Virgin Media Inc

  • Virgin Media said Tuesday that Chief Executive Officer Steve Burch has resigned. Virgin said that it will begin a search for Burch's replacement shortly and Neil  Berkett, the company's chief operating officer, will assume the role of Acting CEO in the interim.

  • Richard Branson

    Richard Branson's Virgin Media, said it has delayed its sale until the environment improves enough for all interested parties to bid. The British billionaire Branson is the largest shareholder of this cable TV company, which received one bid from the Carlyle group for some $23 billion, and some nibbles from other private equity players.

  • Virgin Media

    British cable operator Virgin Media on Tuesday postponed the sale of the company after it became apparent buyers would not have access to the debt needed to do a deal right away.

  • Despite all the concern about the credit crunch, a big private equity deal seems to be moving forward. On Monday, John Malone, Chairman of Liberty Media tells the Financial Times he's considering enterting the auction for Richard Branson's Virgin Media. This could be a huge deal--the largest cable transaction outside the U.S.

  • U.S. media mogul John Malone is considering entering a $23 billion auction for Virgin Media, joining several potential suitors for the British cable operator, sources familiar with the matter said Monday.

  • Stocks closed higher on Monday and Wall Street kicked off the third quarter with triple-digit gains in the Dow as interest rates continued to slide. "It's largely in reaction to the yield on the 10-year coming back under 5%," said Dan McMahon, head of listed trading at CIBC World Markets. "It's a positive development for stocks."

  • virginmedia.jpg

    British cable operator Virgin Media said on Monday it had received a bid approach from an unnamed group, which sources told Reuters was U.S. private equity firm Carlyle Group.

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