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Germany: Kabel Deutschland forfeits to watchdog in buyout bid

By  |  September 24, 2013

Kabel Deutschland has reportedly retracted its appeal against German competition regulators, who challenged the cable company in its bid to acquire smaller rival Tele Columbus Group.

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    The development was announced following the European Commission’s clearance to Vodafone Group’s plans to buyout Kabel Deutschland.

    According to reports, a spokesperson for the German cable company said Vodafone’s acquisition changes the competitive landscape, and that pursuing a drawn-out legal battle for Tele Columbus is illogical for the company at this time.

    German regulators first opposed to Kabel’s bid for Tele Columbus last February.

    Full Content: Bloomberg

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