This morning’s release of Virgin Media’s full year results were rather overshadowed by the news that the company is to be acquired by Colorado-headquartered international cable operator Liberty Global. The cash and share deal sees Virgin Media valued at about $23.3bn, implying a 24% premium to Monday's closing price.
Our interest in Virgin Media steams from its Virgin Media Business division which is involved in the UK’s Public Services Network (PSN). Eligible TechMarketView subscription service clients can read more about that subject in The Public Services Network: foundation for change in public sector IT?
We will bring you more in due course.