Comcast Going Global?
Eyes bid for UK cable operator...
notes that Comcast may be eyeing an oversees expansion, and could be bidding on U.K. cable operator Virgin Media.
The City A.M. newspaper cites a source close to Virgin Media in reporting that Richard Branson's cable company, formerly operating as NTL Telewest, has been approached by 11 parties expressing interest in acquiring the operator, including Comcast. Other interested bidders include Time Warner and private equity firms including Providence, Blackstone and Kohlberg Kravis Roberts (KKR).
They offer a pdf
link to the report, which surfaced earlier this week in the British City A.M. newspaper.