Tech
Sir Richard Branson, Virgin Media's largest shareholder, has indicated that he is willing to examine offers to take the business private.
It is understood that private equity group Carlyle has made a preliminary offer of between $33 and $35 per share for the Nasdaq-listed cable, wireless and content business. Virgin Media's shares closed at $24.37 on Friday and the potential bid values the group at approximately $20bn.
The Times, citing City sources, has reported that Sir Richard is "willing to weigh up any offer" and would probably opt to remain a shareholder in a purchased Virgin Media.
It is understood that private equity group Carlyle has made a preliminary offer of between $33 and $35 per share for the Nasdaq-listed cable, wireless and content business. Virgin Media's shares closed at $24.37 on Friday and the potential bid values the group at approximately $20bn.
The Times, citing City sources, has reported that Sir Richard is "willing to weigh up any offer" and would probably opt to remain a shareholder in a purchased Virgin Media.
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