To print: Click here or Select File and then Print from your browser's menu

This story was printed from silicon.com, located at http://www.silicon.com/

Story URL: http://www.silicon.com/retailandleisure/0,3800011842,39167712,00.htm

Virgin Media receives private equity offer
But that's as far as it's gone so far...

By Tim Ferguson

Published: Monday 02 July 2007

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.

silicon.com Retail & Leisure

Get the latest retail and leisure news straight to your inbox. Sign up for the R&L newsletter today!

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.