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Virgin Media receives private equity offer

But that's as far as it's gone so far...

Tags: takeover, bid, private equity, carlyle

By Tim Ferguson

Published: 2 July 2007 16:11 BST

Virgin Media has received a takeover bid from private equity organisation, the Carlyle Group, it was revealed today.

However, the company said it is not in negotiations regarding the offer to buy 100 per cent of its common stock.

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Virgin Media recently initiated a review of strategic options with Goldman Sachs, which included a possible sale of the business.

The offer from the Carlyle Group will be taken into account during the review but Virgin Media would not say if a sale was likely or what the value could be.

Press reports estimate the bid is in the region of £5bn.

The Carlyle Group would not comment on the speculation.

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