Two of Europe’s largest cable companies announced Monday plans for a $10 billion buyout. Reports say Vodafone will acquire Germany-based Kabel Deutschland to strengthen its stance in the television and fixed-line telecommunications markets. Sources say the price was upped after Liberty Global approached Kabel Deutschland with its own bid, but that it will not likely top Vodafone’s offer. Vodafone, the globe’s second-largest mobile telecom operator, is looking to adapt to changing regulators of the market throughout Europe. Additional reports say Germany’s antitrust regulator, the Federal Cartel Office, will likely review the case instead of the European Commission, as the deal largely affects the German market. Linklaters will be advising Vodafone on the deal, while Hengeler Mueller will advise Kabel Deutschland.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI