Liberty Global (LGI) will not make an increased counter offer for Kabel Deutschland (KDG).
Liberty chairman John Malone conceded defeat in an interview with Bloomberg News, acknowledging that Vodafone pre-empted the cableco in its intention to further…
Liberty Global (LGI) will not make an increased counter offer for Kabel Deutschland (KDG).
Liberty chairman John Malone conceded defeat in an interview with Bloomberg News, acknowledging that Vodafone pre-empted the cableco in its intention to further consolidate the German cable market with its recent €87 per share bid.
Both companies had considered offers for KDG for the past few months.
In mid June, Vodafone confirmed that it approached KDG with regards to a takeover. Shortly after, Liberty also made a preliminary offer of around €85 per share.
KDG’s board subsequently accepted an increased €87 per share offer from Vodafone, but it has been unclear since if Malone’s cableco could improve its earlier bid as well.
Liberty’s chairman did now say that his company will focus on deals in Southern Europe.
