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Spain: Liberty Global rivals Vodafone for merger spree

By  |  January 28, 2014

Just days after Liberty Global announced a $13.7 billion deal to acquire Netherlands-based cable conglomerate Ziggo, reports say the US cable company is on to the next merger deal with a bid for Spain’s Ono, and will be competing for the acquisition with UK telco Vodafone.

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    The two have separately launched bids for the Spanish company, and reports say the merger could be worth about $9.57 billion.

    The bidding also comes following reports Vodafone shareholders cleared a $130 billion sale of Verizon Wireless back to its parent company Verizon Communications.

    Despite reports, a source says the bids are preliminary and the offers may not lead to an official deal.

    Full Content: Wall Street Journal

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