Virgin Media Update: Second Investment Bank Added To Seek ‘Strategic’ Buyers

Put in play by a bid from private equity firm Carlyle Group, Virgin Media has signed UBS as its second investment bank in an effort to expand the potential buyer pool. The company formerly known as NTL Telewest wants to find “strategic buyers.”

FT: Various options were discussed at a board meeting Thursday in NYC. Outreach already has begun to Time Warner Cable, Comcast Corp. and Liberty Global.

Comments have been disabled for this post