Vodafone acquires Kabel Deutschland for $10.1 billion

Vodafone has reached a deal with Kabel Deutschland to acquire the company for $10.1 billion or €7.7 billion. Vodafone will use their subsidiary Vodafone Vierte Verwaltungsgesellschaft mbH to offer a voluntary public tender offer at €87 per share in cash. Kabel Deutschland has been under Vodafone’s radar for a while, previously declining an offer from the telecommunications company