Liberty Media is set to make a second bid for Deutsche Telekom’s cable television assets, after its previous attempt was thwarted by the German Federal Cartel Office earlier in the year (see German Regulators Block Liberty Cable Deal).
According to a report in today’s
Financial Times, Liberty has forged an alliance with private equity investment group, Blackstone Partners, and New York-based Apollo for its second bid for the cable business. The first bid had been expected to go through (see
German Government Set To Allow Liberty’s Cable Acquisition), but was ultimately blocked on competition grounds.
There are six bids currently on the shortlist and the FT says that they are expected to offer at least E2.5 billion less than Liberty’s previous E5.5 billion proposal.
