#6: Liberty Global (LBTYA) Buys Virgin Media
This deal didn’t make much of a splash on this side of the pond, but billionaire John Malone’s international cable business sure made waves in the U.K.’s telecom and cable market.
Liberty Global’s (LBTYA) deal to buy U.K. cable-TV and broadband provider Virgin Media created a much stronger rival to No. 1 British Sky Broadcasting.
And it’s already paying off, at least in terms of share-price performance. LBTYA is up 36% for the year-to-date, and up 17% since the Virgin Media deal closed in June.