VMED O2 UK Limited made an offer to acquire TalkTalk Telecom Group Limited on July 15, 2022. The transaction values TalkTalk at about £3 billion. Lazard & Co., Limited acted as financial advisor for TalkTalk on interest from suitors such as Virgin Media O2. Liontree Advisors UK LLP acted as financial advisor for VMED O2 UK Limited.

VMED O2 UK Limited cancelled the acquisition of TalkTalk Telecom Group Limited on October 31, 2022.