Editorial

11 Feb 2013 Liberty Global acquisition of Virgin Media

Liberty Global acquisition of Virgin Media - Liberty Global has confirmed an agreed cash and stock offer of USD23.3bn for Virgin Media, with an implied price of USD47.87 per Virgin Media share. The deal will create one of the biggest broadband communications company, serving 47 million homes and 25 million customers across 14 countries, according to Liberty Global. This important deal with give Liberty Global an entry into the European market, with a potential challenge to the dominance of Sky. (Milbank advised Virgin Media; Allen & Overy advised the bank syndicate).

Financial Centre : London
Law Firm : Milbank
Lawyer : Tim Peterson

Practice Area : Corporate and M&A
Classification : Strategic Buyer Acquisitions
Sub-classification : Public Company - Recommended Offer
Industry : Fixed Line Telecommunications

Advised Party : Target Company
Value : 5001.00-10000.00

Target Company Jurisdiction: United Kingdom
Acquiror Jurisdiction: United States

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Financial Centre : London
Law Firm : Allen & Overy
Lawyer : Philip Bowden

Practice Area : International Finance and Bank Credit
Classification : Acquisition Finance
Sub-classification : Public Company Acquisition
Industry : Fixed Line Telecommunications

Advised Party : Lender
Value : 5001.00-10000.00

Borrower Jurisdiction: : United States, United Kingdom
Lender Jurisdiction: : United Kingdom