John Malone's cable group Liberty Global has made a bid approach to Virgin Media , the British cable operator said on Tuesday. "Virgin Media confirms that it is in discussions with Liberty Global, a leading international cable company, concerning a possible transaction," it said in a brief statement. "Any such transaction would be subject to regulatory and other conditions."
Liberty Global, Inc. (LGI) is an international provider of video, broadband Internet and telephony services, with broadband communications and/or direct-to-home satellite (DTH) operations, As of December 31, 2011, the Company was serving 19. Shares of LBTYA fell by 1.45% or $-1.02/share to $69.46. In the past year, the shares have traded as low as $44.87 and as high as $70.65. On average, 1386550 shares of LBTYA exchange hands on a given day and today's volume is recorded at 1237419.
Virgin Media Inc. is engaged in entertainment and communications business. Shares of VMED fell by 2.37% or $-0.94/share to $38.69. In the past year, the shares have traded as low as $21.25 and as high as $40.25. On average, 2687320 shares of VMED exchange hands on a given day and today's volume is recorded at 4366972.
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