Read this: informitv - Sky buys Virgin Media channels and secures distribution
Summary: Some might question why the cable company would want to sell its channels to a satellite competitor, or indeed why Sky would want to buy them. The mainstream media has focussed on the facts of the deal at face value. Sky will pay 160 million in cash for the Virgin Media Television channels business, with 105 million up front and the remainder payable subject to regulatory clearance. - informitv.com
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