Utilize the input text as a context reference, choose the right relationship between Virgin Media and Liberty Global from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

In the UK, we announced a transformative deal with Liberty Global back in May to form a JV between O2 UK and Virgin Media that will create the UK’s connectivity champion.

Answer: owned_by