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."

Sterling Climbs to One-Month High vs Dollar
16:44 - Bloomberg's Mark Barton reports on today's action in the European markets. He speaks on "Bloomberg Markets: European Close." (Source: Bloomberg)
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