Kabel Deutschland welcomes €7.7B cash offer from Vodafone
Vodafone has made a €7. 7 billion cash offer for Kabel Deutschland, Germany’s largest cable operator, which the firm’s management has welcomed. The offer includes €3 billion of net debt, taking the proposed enterprise value for the deal to €10. 7 billion.
Vodafone faces rival in bid for Kabel Deutschland
Vodafone’s bid for German cable operator Kabel Deutschland faces competition in the form of Liberty Global which has tabled a rival bid. Kabel confirmed it had received an offer from Liberty, which also owns a cable network in Germany.
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