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Germany: Vodafone, Liberty to go multi-billion dollar war for Kabel Deutschland

By  |  June 19, 2013

The bidding war has heightened for Germany’s top cable operator Kabel Deutschland as Vodafone is reportedly in talks about a $10 billion offer for the company, one that Vodafone believes would trump rival Liberty Global’s offer. According to unnamed sources, Vodafone is looking to beat out Liberty’s $9.6 billion offer; Liberty currently owns Germany’s second-largest cable operator Unity Media. According to one source, Vodafone, which is based in the UK, had considered upping its offer even before Liberty entered the bidding. The offer is part of a strategy Vodafone is using to offer television, broadband and fixed line services to its mobile customers; Liberty is looking to consolidate, say reports.

Full Content: Chicago Tribune

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