A PYMNTS Company

Germany: Liberty Global may join fight for Germany cable co after Virgin approval

By  |  April 17, 2013

On the heels of welcome news that Liberty Global has won European approval to acquire Virgin Media Inc. for $16 billion, the cable giant is reportedly mulling over a move to takeover Kabel Dutschland Holding AG. One the second-largest cable company in Germany, Kabel Deutschland is also a target for Vidafone Group Plc. According to reports, the deal would land an additional 8.5 million subscribers to Liberty Global’s current 7 million users in Germany, posing a new threat to Deutsche Telekom AG as well as Vodafone. A spokesperson for Liberty Global declined to comment on the matter.

Full Content: Bloomberg

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