Kabel Deutschland Holding AG, Germany's largest cable operator, confirmed Monday that it has received a preliminary proposal from Liberty Global plc (LBTYA).
There is no certainty that any deal with Liberty Global plc will ultimately materialise from the proposal, nor as to the terms of such a deal, Kabel Deutschland said in a statement.
Earlier Monday, the Financial Times reported that Liberty Global has put forward a 7.5 billion euro bid for Kabel Deutschland. Citing people familiar with the talks, the paper said Liberty had recently tabled an indicative offer to Kabel Deutschland worth about 85 euro per share.
Liberty Global, which earlier this month completed the acquisition of Virgin Media Inc. in a stock and cash deal valued at about $24 billion, will now probably join Vodafone Group PLC (VOD.L,VOD) in a bidding race for Kabel Deutschland.
On June 12, Kabel Deutschland confirmed that it had received a preliminary approach by Vodafone regarding a possible offer for the company.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.