(Reuters) - John Malone's Liberty Global Inc
Libert and Virgin said in a statement on Tuesday that under the terms of the deal, Virgin Media shareholders will receive $17.50 in cash, 0.2582 Liberty Global class A shares and 0.1928 Liberty Global class C shares for each Virgin Media share. Using Tuesday's closing prices for those shares, that implies a value of $47.02 for each Virgin Media share.
Virgin Media is the second-biggest pay-TV provider in Britain behind Murdoch's satellite group BSkyB
(Reporting By Michael Erman; Editing by Gary Hill)
Source: http://news.yahoo.com/liberty-global-buy-virgin-media-15-75-billion-010303897--finance.html
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