Hogan Lovells Advises Liberty Global on £15 bn Virgin Media Acquisition
06 February 2013
LONDON, 6 February 2013 - Hogan Lovells advised Liberty Global on the European competition, pensions and employee share plan aspects of its £15 billion acquisition of Virgin Media, announced today, Wednesday 6 February. The transaction is subject to shareholder and regulatory approval.
Liberty Global is a leading international cable operator with operations in 13 countries, including 11 in Europe. The acquisition will make it the world's largest broadband company, with 25 million customers in 14 countries.
London competition partner Suyong Kim, pensions partner Duncan Buchanan, executive share incentives partner Louise Whitewright and client relationship partner Alan Greenough led the Hogan Lovells team advising Liberty Global.
Commenting on the transaction, Alan said:
"We are pleased to have advised on this high profile and strategically important transaction for our clients, which will create the second biggest pay-TV business in the UK".