Vodafone, Kabel Deutschland In Talks Over $10B Takeover

Law360, New York (June 12, 2013, 1:22 PM EDT) -- British wireless carrier Vodafone Group PLC said Wednesday that it has approached Kabel Deutschland Holding AG about a potential takeover, fanning rumors that it could spend around $10 billion to expand its operations in the growing German market.

The confirmation revived old speculation that the companies could pursue a tie-up aimed at providing Vodafone a huge boost for its fixed-line business across Europe — a unit that already holds an assortment of smaller assets in Germany.

Kabel Deutschland, Germany's biggest cable company with 8.5 million subscribers,...
To view the full article, register now.