Virgin Media rises on takeover report

NEW YORK (Reuters) - U.S.-traded shares of Britain's Virgin Media (VMED.O) rose more than 9 percent before the bell on Monday after a newspaper reported that the British cable company could be a takeover target.

A private equity consortium headed by U.S.-based Providence Equity Partners is considering making a $15 billion approach for Virgin Media, The Observer newspaper said on Sunday.

Virgin Media shares rose to $27.10 in electronic trade from a close of $24.85 on the Nasdaq.