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Virgin Media Courts Buyers - Shuns Private Equity
By: MarkJ - 13 July, 2007 (1:26 PM)

Virgin Media has appointed investment bank UBS to hunt for potential buyers as an alternative to the risky proposition of a private equity acquisition by the Carlyle Group.

The UK cable giant is thought to be concerned at the stability of private equity groups, especially in light of recent interest rate rises, potential tax adjustments and government clamp downs.

However The Financial Times newspaper suggests that VM may have trouble finding a strategic buyer that's able to improve upon the Carlyle Group's 11.3bn offer.

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