Vodafone Buys Kabel Deutschland For $10 Billion

HFA Padded
Mani
Published on
Updated on

Vodafone Group Plc (LON:VOD) (NASDAQ:VOD) offered €7.7 billion ($10.1 billion) for Germany’s largest cable company Kabel Deutschland Holding AG (FRA:KD8) (ETR:KD8) (OTCMKTS:KBDHF) . Vodafone’s Offer: The world’s second largest mobile network operator Vodafone Group Plc (LON:VOD) (NASDAQ:VOD) offered to buy Germany’s cable operator at €85 a share, to bolster its ability to offer bundled deals of telecoms, broadband and TV services. The sweetened offer from Vodafone tops the rival indicative proposal of close to €85  a share from Liberty Global PLC (NASDAQ:LBTYA) (NASDAQ:LBTYB) (NASDAQ:LBTYK).  Earlier the UK-based mobile operator Vodafone Group Plc (LON:VOD) (NASDAQ:VOD) offered €80 per share. Last week, Kabel…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports