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NTL 'turns down' £10bn buyout offer

Published Friday, Aug 18 2006, 11:05 BST | By James Welsh
NTL is understood to have turned down a £10bn buyout offer from a private equity group.

The Guardian reports that the cable group - which now counts among its shareholders Sir Richard Branson - has refused a tentative approach from a consortium including Providence Equity, Cinven and Kohlberg Kravis Roberts but has not completely closed the door to any future offers.

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