Britain’s Vodafone Group Plc has raised its preliminary offer to buy Germany’s largest cable operator, Kabel Deutschland Holding AG, a day after U.S. media group Liberty Global Plc made a rival bid, Bloomberg reported on Tuesday, citing people familiar with the bid.<\/p>\n
Bloomberg reported that Vodafone told Kabel Deutschland this week that it would be willing to pay 85 euros a share compared with its initial offer of 80 euros to 82 euros for the German company.<\/p>\n
Vodafone is said to be studying Kabel Duetschland’s books before making an official offer, Bloomberg said.<\/p>\n
Liberty Global, which owns Unity Media, Germany’s second biggest cable operator, made an 85 euro a share offer days after the British mobile company said it was in talks about a deal.<\/p>\n
Vodafone’s revised offer matches the Liberty Global bid valuing Kabel Deutschland at 7.5 billion euros ($10.04 billion).<\/p>\n
Vodafone could not be immediately reached for comment. ($1 = 0.7467 euros)<\/p>\n
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