Liberty Global prepares bid for UK's Virgin Media-FT

NEW YORK Mon Feb 4, 2013 8:54pm EST

NEW YORK Feb 4 (Reuters) - U.S. billionaire John Malone's cable group Liberty Global is preparing a bid for UK cable company Virgin Media Inc, the Financial Times reported on Monday, citing several people familiar with the matter.

Virgin Media -- the UK's second-largest pay television operator according to the FT -- has a market capitalization of around $10.4 billion (6.6 billion pounds) as of Monday's closing price.

A bid for could be announced in coming days, the FT said.

Liberty Global and Virgin Media could not be immediately reached for comment.

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