The deal, which would see Liberty Media become the largest cable operator in Germany, came about following talks between Liberty chairman John Malone and Kirch boss Leo Kirch in Berlin last week. The FT reports that following Kirch’s ‘lukewarm’ reaction to the idea of Liberty buying out News Corp’s loss-making 22% stake in Kirch, Malone has now told a German newspaper that he now favours a commercial agreement to the News Corp deal.
Liberty have nevertheless approached German regulators seeking approval for the deal which will be dealt with separately from the issues which arise with Liberty’s purchase of six cable companies from Deutsche Telekom see Murdoch In Talks To Sell Stake In Kirch To Liberty Media).
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