UK pay-TV operator BSkyB has offered to pay Â£160m (183m) for cable operator Virgin MediaÂs portfolio of seven TV channels, according to a report in the Financial Times.
The report cited sources participating in the auction as saying that Sky had outbid rivals by about 60%, leaving Virgin Media in the difficult position of being forced to consider an offer to sell its channels to its bitter rival in the UK pay-TV market.Â
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