Liberty launches Kabel Deutschland takeover bid

<p>Kabel Deutschland could be bought by Liberty.</p>

Mobile phone operator Vodafone faces a battle over the purchase of Kabel Deutschland after Liberty also launched a bid for the firm.

Vodafone confirmed earlier in the month that it has held talks over a potential takeover of Germany's top cable television company, although it stressed it is yet to make an offer.

Liberty, the owner of the UK's Virgin Media, has now stated it has made an approach to take over Kabel Deutschland, with analysts believing the size of the offer to be in the region of 7.5 billion euros (£6.3 billion).

Vodafone could be forced into making an offer after the first move was made by Liberty. It is thought initial talks between Kabel and Vodafone broke down as the two companies had a different valuation for the German firm.

Liberty's owner, billionaire founder John Malone, has been trying to expand the company's reach across Europe in recent years and the bid for Kabel is likely to be a continuation of that strategy.

Kabel Deutschland supplies 8.5 million German households at the present time.

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