CARLYLE GROUP IN DISCUSSIONS TO ACQUIRE VIRGIN MEDIA...Carlyle, the private equity group, is poised to launch a $8bn (£4bn) bid for Virgin Media, the cable company whose largest shareholder is Sir Richard Branson.
The move is expected to trigger an auction, with bankers in the early stages of preparing a sale process.
Goldman Sachs, a long-term adviser to Virgin Media, is understood to be working on the potential sale. City sources confirmed last night that they expected details about the company's financial situation to be sent to prospective buyers within weeks. Other banks are expected to be appointed alongside Goldman to handle the deal.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/01/cnvirgin101.xm
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