Liberty Global to buy Virgin Media for $16B

Associated Press
Liberty Global to buy Virgin Media for $16B

FILE - In this Wednesday, July 11, 2012, file photo, John Malone. chairman of Liberty Media and CEO of Discovery Holding Company. arrives at the Allen & Company Sun Valley Conference in Sun Valley, Idaho. Liberty Global Inc., the cable TV operator controlled by Malone, announced Wednesday, Feb. 6, 2013, it s buying U.K.-based Virgin Media Inc. in a $16 billion deal that steps up the rivalry between Malone and fellow billionaire Rupert Murdoch. (AP Photo/Paul Sakuma, File)

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