trending Market Intelligence /marketintelligence/en/news-insights/trending/uat0KfsElW8MF14126S0qA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Liberty Global forms JV with tech investor MXC Capital


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

TMT News & Research: 2020 Recap

Quibi's $2 billion bet on mobile video fizzles out

Cable nets struggle with cash flow declines due to cord cutting, pandemic

Liberty Global forms JV with tech investor MXC Capital

Technology-focused merchant bank MXC Capital Ltd. has agreed to form a joint venture with Liberty Global plc's Liberty Global Europe 2 Ltd.

The new company, MXLG Acquisitions Ltd., will acquire smaller companies to form an IT services provider for small and medium-sized U.K. business customers, MXC Capital said.

Liberty Global and MXC Capital will equally own MXLG Acquisitions and will each appoint two directors to its board.

The two companies have been in talks over the joint venture for some months and have already identified potential acquisition targets, London's Financial Times reported.

A source told the FT that the venture, if successful, could be folded into the business operations of Liberty Global subsidiary Virgin Media Inc., which is focused on small and medium-sized enterprises and has been seeking to grow its business.