Equity groups 'to launch bid' for Virgin Media

[Devilfish]

Four private equity firms are considering launching a multibillion dollar takeover bid for Virgin Media.

According to The Observer, Blackstone, Cinven, KKR and Providence Equity are preparing to offer between $6bn and $7.5bn for the US-listed cable operator in a plan known as "Project Coaxial".

Last summer, Virgin Media appointed Goldman Sachs to consider a range of offers, including a $10bn bid from Carlyle, that were subsequently dropped due to tightening credit conditions.

[Kalipo]

anyone know a good stock broker?? could do with some of these shares