LONDON, UK — British telco Vodafone’s Euro 7. 7 billion ($10. one billion) takeover bid for Germany’s top TV wire company, Kabel Deutschland, is at probability of failing, that could leave the door open for the rival offer through John Malone’s Liberty Global.
The Vodafone offer needs to be taken up by 75% of Kabel Deutschland shareholders through the Wednesday deadline, but according to a report within the Financial Situations, the number of investors tendering their shares may not reach this focus on.
“Some of Kabel Deutschland’s shareholders think that the quantity of tenders offered will fall well lacking this goal, ” the FEET said, citing un-named Kabel Deutschland investors.
Vodafone mounted its bid in August, which repped the near 40% premium on Kabel Deutschland’s share price at that time.
Liberty Global owns Germany’s second- and also third-largest cable companies, so would clearly benefit from acquiring Kabel Deutschland. However , there would be a critical challenge through anti-trust authorities to this kind of shift.