Liberty Global to Buy Virgin Media for $23.3 Billion

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By: BBC

The deal will create the world’s largest broadband company, with 25 million customers in 14 countries.

In the UK, it will be the second biggest pay-TV business after BSkyB.

The merger, subject to shareholder and regulatory approval, puts Mr Malone in competition with Rupert Murdoch, whose media empire owns 39% of BSkyB.

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