Carlyle Group poised to make Virgin Media bid?
- Added:
- Jun 25, 2007
Citing people familiar with the situation, Reuters reported on Sunday that Carlyle Group, for one, has offered to buy the company in recent weeks, but Virgin Media declined to disclose the price put forward.
Virgin's market capitalisation is $8bn (£4bn), meaning any offer would likely exceed $10bn (£5bn) based on the typical premiums paid in takeovers.
The company, whose shares are traded in New York, also has another 6.1 billion pounds of long-term debt.
The sources told Reuters that the search for a Virgin Media buyer by Goldman Sachs was ‘in the early stages‘.
All parties has so far declined to comment on the Reuters report.
