US billionaire John Malone, head of international cable TV company Liberty Global, is looking to buy Virgin Media. The now-profitable TV and broadband company is said to be valued at around the £15bn mark.
Things are looking rosy for Virgin elsewhere, too. It’s latest set of financial numbers show it took £699m in revenues in the year ending last December, up from 2011′s £540m. It also managed to increase its customer base by 88,700 in the last year, as speed-crazed internet users signed up for its ever-fatter cable-based internet pipes.
According to the FT, Malone sees himself as something of a rival to Sky boss and unofficial king of the UK TV supply chain Rupert Murdoch, so here’s hoping we see some super-aggressive price-cutting action once the deal’s done. [FT via BBC]