In this week’s Week in Review: Virgin Media and O2 agree a mega-merger, the MRC warns Facebook could lose accreditation, and Roku folds dataxu into its new OneView ad platform. To receive an update on the industry’s top stories every Friday, sign up to the weekly Video Round-Up.
Virgin Media and O2 Agree £31 Billion Merger
European telcos Liberty Global and Telefonica today announced they have agreed a merger of their UK operations, Virgin Media and O2 respectively. Ownership of the joint venture will be split 50-50 between the two companies, pending regulatory approval. The move will bring together O2’s 34 million mobile customers and Virgin Media’s nearly six million million broadband and pay-TV subscribers, plus its three million mobile customers.
The merger will have significant implications for Virgin’s pay-TV business. The two companies expect £6.2 billion worth of synergies as a result of the merger, and say they will invest £10 billion over the next …