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Global M&A deal of the year 2013: Acquisition of Virgin Media

Liberty Global now dominates cable with takeover of Virgin Media.

Liberty Global’s $24.1 billion acquisition of Virgin Media
Size $24.1 billion
Date June 2013
Lead adviser Liberty Global Lion Tree Advisors
Financial adviser to Liberty Global and sole global coordinator debt financing Credit Suisse
Adviser Virgin Media Goldman Sachs, JPMorgan
return to the Deals of the Year 2013 index

Last year was the most exciting that the M&A markets have seen for some time. A string of announcements early on in 2013 from such companies as Heinz, Dell and Liberty Global heralded a much-needed surge in confidence that was more than rewarded with the news towards the end of the year of Verizon’s record-breaking $130 billion buyout of its wireless business from Vodafone. Euromoney’s M&A deal for the year, which was announced in February and completed by June, is the $24 billion acquisition of Virgin Media by Liberty Global.

Virgin Media was always an attractive target for the acquisitive Liberty Global in light of the comparative advantage that scale brings in the cable broadcast industry – particularly in the negotiation of content pricing and provision of bundled services.

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