Liberty Stages $10B Kabel Deutschland Bid War With Vodafone

Law360, New York (June 18, 2013, 1:11 PM EDT) -- Kabel Deutschland Holding AG confirmed late Monday that it received a preliminary buyout bid from international cable operator Liberty Global PLC, a move that could trigger a bid war between Liberty and British mobile giant Vodafone Group PLC over the $10 billion company.

The announcement comes less than a week after Vodafone revealed it had approached Germany's biggest cable provider about a potential takeover, validating widespread rumors it would spend around $10 billion to dig deeper into a fast-growing market.

In a brief statement, Kabel Deutschland...
To view the full article, register now.