A PYMNTS Company

Germany: No challenge bids from Liberty for Kabel Deutschland

By  |  July 3, 2013

Germany’s largest cable conglomerate is not likely to see a new takeover bid by Liberty Global, say reports, as the company plans to be bought out by Vodafone Group Plc. Liberty made an initial offer for the German company in June, but, according to unnamed sources, Liberty views Vodafone’s bid as too pricey to top. Vodafone upped its offer late last month to more than $10 billion to beat out Liberty. According to Bloomberg, the deal, if approved by regulators, would be this year’s second-largest telecom buyout within Europe.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Bloomberg

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.