Briefs: Virgin Mobile rejects NTL's $1.4B offer

Dec 08, 2005

Virgin Mobile Thursday rejected a takeover bid from cable group NTL that proposed to buy out the company for $1.4 billion.

"The board has concluded that the potential offer materially undervalues Virgin Mobile," the wireless arm of the Virgin group led by business tycoon Richard Branson said in a news release.

By acquiring Virgin Mobile, NTL had been hoping to be the first British telecommunications group to offer fixed-line and mobile operations as well as Internet access and cable viewing under a single company.

Copyright 2005 by United Press International

Explore further: Michigan team finds security flaws in traffic lights

add to favorites email to friend print save as pdf

Related Stories

Facebook awards 'Internet Defense Prize'

2 hours ago

Facebook awarded a $50,000 Internet Defense Prize to a pair of German researchers with a seemingly viable approach to detecting vulnerabilities in Web applications.

HP revenue inches up after years of decline

11 hours ago

Hewlett-Packard on Wednesday reported that its quarterly revenue rose for the first time in three years, nudged by improved computer sales everywhere except Russia and China.

Recommended for you

Michigan team finds security flaws in traffic lights

1 minute ago

What if attackers could manipulate traffic lights so that accidents would happen with mayhem as the result? That is a question many would rather put off for another day but authorities feeling responsible ...

Chip maker Infineon to buy California firm for $3B (Update)

17 hours ago

German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars ...

Myo armband and smartglasses set for deskless workplace

18 hours ago

Thalmic Labs, Canada-based makers of the Myo armband, has announced the integration of Myo with smartglasses, with the partnership help of a number of companies pairing the Myo with their products. The gesture-control ...

Indonesian capital threatens to ban Uber car app

19 hours ago

The Indonesian capital is threatening to shut down controversial smartphone car-hailing service Uber due to licensing issues a week after it officially launched in the city, an official said Wednesday.

User comments : 0