Free global company, cable operators have media mogul John Malone, purchase headquarters is located in the British virgin media companies, trade value of $1.6 billion.
Cash and stock trading day later announced the establishment of a company, will provide more intense competition in the UK satellite TV provider British sky broadcasting company, including marlon opponent rupert murdoch's news corporation with 40% of the shares.
Global freedom and virgin media said, alliance, will create a broadband access the company covers an area of 470000 families and 25 million in 14 countries and regions of the customer.
Free global pay-tv business all over the world, is the world's largest cable operators in 11 of the European market.
Free global CEO mike frith said, when the transaction is completed, the company's income about 80% will come from five countries: England, Germany, Belgium, Switzerland and Holland. The two companies said that last year they combined with dollars, an income of $16.8 billion.
Virgin media's second largest pay TV company British sky broadcasting company, in the UK or British sky broadcasting group PLC. Virgin group boss Richard Branson (Richard Branson) - a billionaire, like Malone and murdoch - still hold a minority stake.
The company said the deal is Virgin Media shares a $47.87. This is the Virgin Media in the United States listed stock Monday's closing price premium about 24%.
The company's share price rose nearly 18% charge $45.61 on Tuesday, after the company said, this is and Liberty Global purchase negotiations.
Will continue to free global headquarters in the us state of Colorado, virgin media will continue to be based on the same name brand in the UK
Virgin Media shareholders get global free outstanding shares of 36%, about 26% of the vote, the company said.
They also said they expected to about $180 million in annual cost savings once they are fully combined with. They did not say whether they have any employees will get laid off as part of the cost cutting. At eastern time (1330 GMT0 Wednesday morning call, the company plans to book more details that may arise during the process of management meeting.
Global free also said that it plans to buy about 35 billion dollars of the value of the shares of the Virgin Media after the transaction, in a two years.



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