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Race for Virgin
Jul 31 2007 by Tony McDonough, Liverpool Daily Post
UNITED States media mogul John Malone has reportedly entered the race to buy UK cable operator Virgin Media.
Virgin, previously NTL Telewest, is invit-ing potential suitors to take part in an auction for the group with analysts expecting the price to reach more than £11bn.
It is the second big-gest broadband provid-er in the country and in Merseyside it employs around 2,000 people and provides TV, broad-band and telephone services to more than 100,000 subscribers.
It is believed 10 suit-ors have expressed an interest since private equity firm Carlyle Group made an offer earlier this month.
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