Liberty Global values Kabel Deutschland at €85 per share

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Liberty Global’s indicative offer for Kabel Deutschland values the listed German cable operator at €85 (US$113) per share, valuing the company at €7.5bn, according to sources.

Kabel Deutschland announced yesterday, June 17, that the media company Liberty Global had submitted a preliminary offer, but did not give details of the offer’s valuation.

Liberty Global, whose controlling shareholder is John Malone, confirmed Kabel Deutschland’s statement.

Vodafone, the telecoms group, has also approached Kabel Deutschland regarding a potential takeover bid. The Vodafone approach was confirmed, although the price at which it made its approach was not disclosed. The Financial Times cited sources who said Vodafone’s initial offer valued Kabel Deutschland at around €80 per share.

Vodafone is understood to be about to make an improved offer in an attempt to make progress in discussions with Kabel Deutschland.

Kabel Deutschland’s share price closed €2.76 up at €85.50, valuing the company at €7.56bn.

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