Global cable group Liberty Global Inc. (LBTYB) is preparing a takeover bid for Germany's Kabel Deutschland Holding AG (KD8.XE), Manager magazine reports in the advance release of an article to be published in Friday's edition. <\/p>\n
Liberty Global CEO Michael Fries and CEO of German subsidiary Unitymedia KabelBW Lutz Schueler are working on the offer, the report says. <\/p>\n
Liberty Global and Unitymedia KabelBW declined to comment, as did Kabel Deutschland. <\/p>\n
The takeover plan comes after Vodafone Group PLC (VOD.LN) showed interest in acquiring Kabel Deutschland, which was reported by Dow Jones in mid-February. <\/p>\n
In February, the German cartel office blocked Kabel Deutschland's attempt to takeover competitor Tele Columbus, citing antitrust concerns, which could likewise be an obstacle for Liberty Global's plans. <\/p>\n
Liberty Global already owns the country's No. 2 and No. 3 cable operators Unitymedia and Kabel BW, which it has combined into one business to create its German subsidiary. <\/p>\n
Newspaper website: http:\/\/manager-magazin.de<\/a> <\/p>\n Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com<\/a> <\/p>\n Copyright 2013 Dow Jones Newswires <\/p>\n <\/p>\n Go here to read the rest:<\/p>\n Liberty Global Prepares Acquisition of Kabel Deutschland -Report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Global cable group Liberty Global Inc. (LBTYB) is preparing a takeover bid for Germany's Kabel Deutschland Holding AG (KD8.XE), Manager magazine reports in the advance release of an article to be published in Friday's edition. Continue reading