Malone Challenges Murdoch in $16B Virgin Media Deal

Feb. 6 (Bloomberg) -- Bloomberg's Olivia Sterns reports that John Malone’s Liberty Global Inc. agreed to buy U.K. cable-television provider Virgin Media Inc. for $16 billion in cash and stock, setting up a challenge to Rupert Murdoch in Europe’s biggest pay-TV market. She speaks on Bloomberg Television's "The Pulse."
Record Iron Ore Shipments Weigh on Price
06:14 - Iron ore exports from Australia’s Port Hedland climbed to an all-time high in June as mining companies in the world’s largest shipper increased low-cost output. Prices tumbled and producers’ shares fell. Bloomberg's Paul Allen reports on "First Up." (Source: Bloomberg)
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