Liberty Global, a U.S. based cable company, is buying Virgin Media in a stock and cash deal worth $23.3 billion. The price per share that Liberty is paying reflects a 24% premium of Virgin Media’s closing share price on February 4th.
Intellectual Ventures is known for having a massive patent trove and for filing a huge lawsuit against multiple companies. Intellectual is spinning off Kymeta, an antenna technology company. Kymeta has raised $12 million in funding from Liberty Global, Lux Capital, and Microsoft co-founder Bill Gates. Kymeta uses metamaterials to build antennas to improve satellite connections used for broadband Internet.
