It seems that Richard Branson is to sell Virgin Media. It’s being reported in several places that, private equity group Carlyle have made an initial offer of around $11.1 billion (£5.5 billion), and they will take on the £6 billion of debt.
Not bad considering Branson bought NTL for £962 million and apparently spent around £25 million on the Virgin Media relaunch.
I suspect that had Virgin Media’s dispute with Sky not lasted quite so long the business would be worth more, perhaps even profitable.
This blog is about business opportunities and ideas that I spot, think of or hear about and think are useful and interesting. It is intended to provide ideas and inspriation for you to help you find the right business idea for you to then grow it into a successful business.
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