Thread: Virgin Media News
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Old 29-01-2008, 18:05   #379
Toto
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Re: Virgin Media News
Quote:
Originally Posted by grabbi View Post
Forbes summed it up perfectly: (Search Virgin Media on Google News for details)

BSkyB 1, Virgin Media 0.

Sky may have to sell their stake down to 7.5%, but its sill effectively blocked Virgin from buying ITV.

Plus the fact that no one actually knows or will know the date the share has to be sold by, then Virgin couldnt stand a chance, and the shares could end up anywhere.

Im not too sure, though, that Virgin couldnt raise about £250m and equal the share Sky holds right now...
I doubt they (VM) will bother to be honest. The money markets at the time that Sky blocked a share purchase with their own stake in ITV was favourable.

Right now, it isn't.
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