Deutsche Telekom has received four bids for its cable television assets, all of which are below the troubled company’s expectations, according to an article in today’s Financial Times.
US media group, Liberty Media, has put together a second bid for the cable assets, after its first attempt was blocked by the German Federal Cartel Office (see Liberty Media Puts Together Second Deutsche Telekom Bid). Liberty’s original bid was of E5.5 billion, indicating the extent to which the market value of the business has fallen.