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Read this: $23 billion acquisition of Virgin Media may pose biggest threat yet to BSkyB - The Verge

Summary: The price refelects a 24 percent premium over Virgin Medias closing share price on February 4th. The deal is still subject to things like approval from the companies shareholders and regulators, but assuming it goes ahead, the new ownership could potentially shake up the British pay TV landscape. Virgin Media's subscriber count of 4.9 million is less than half of BSkyB's 10.7 million, but financial backing from the larger Liberty could help it fund investment in new technology and be more competitive in crucial content deal negotiations. - link

$23 billion acquisition of Virgin Media …

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