You will be redirected back to your article in seconds

Gates makes move on Teuton cable net

Microsoft, Bertelsmann may take over DT cabler

BERLIN — Speculation continues to grow in Germany about Bill Gates’ much-anticipated move into the Teutonic market.

The weekly Der Spiegel reports that Microsoft and media giant Bertelsmann are in talks with the Deutsche Bank to take over Deutsche Telekom’s cable network.

While Telekom is asking DM 30 billion ($16.5 billion), Der Spiegel says Bertelsmann is offering between $5 and $5.5 billion, just $550 million more than Deutshe Bank’s original bid. According to the publication, however, Telekom chairman Ron Sommers has been seriously considering a partnership with an unnamed U.S. telephone company in which Telekom would offer its cable system in exchange for company shares.

Last week two German publications reported that Microsoft was looking to spend up to $1 billion for a piece of the German telephone company.

Microsoft has so far refused to comment on the story.

The software giant recently bought a $5 billion piece of AT&T and has reportedly been in negotiations for up to 30% of the U.K.’s Cable & Wireless.

More Biz

  • Al Franken Kathy Griffin

    Al Franken Cut from PBS' David Letterman Special

    BERLIN — Speculation continues to grow in Germany about Bill Gates’ much-anticipated move into the Teutonic market. The weekly Der Spiegel reports that Microsoft and media giant Bertelsmann are in talks with the Deutsche Bank to take over Deutsche Telekom’s cable network. While Telekom is asking DM 30 billion ($16.5 billion), Der Spiegel says Bertelsmann […]

  • Russell Simmons, Bret RatnerVANITY FAIR OSCAR

    Brett Ratner and Russell Simmons Accused of Working Together to Carry Out Sexual Misconduct

    BERLIN — Speculation continues to grow in Germany about Bill Gates’ much-anticipated move into the Teutonic market. The weekly Der Spiegel reports that Microsoft and media giant Bertelsmann are in talks with the Deutsche Bank to take over Deutsche Telekom’s cable network. While Telekom is asking DM 30 billion ($16.5 billion), Der Spiegel says Bertelsmann […]

  • get out Oscar Race

    'Get Out' Awards Category Dilemma: Film Defies Easy Labels, Cast Says

    BERLIN — Speculation continues to grow in Germany about Bill Gates’ much-anticipated move into the Teutonic market. The weekly Der Spiegel reports that Microsoft and media giant Bertelsmann are in talks with the Deutsche Bank to take over Deutsche Telekom’s cable network. While Telekom is asking DM 30 billion ($16.5 billion), Der Spiegel says Bertelsmann […]

  • David Hoberman and Todd Lieberman Mandeville

    Media Access Awards Honor Hollywood for Depicting People With Disabilities

    BERLIN — Speculation continues to grow in Germany about Bill Gates’ much-anticipated move into the Teutonic market. The weekly Der Spiegel reports that Microsoft and media giant Bertelsmann are in talks with the Deutsche Bank to take over Deutsche Telekom’s cable network. While Telekom is asking DM 30 billion ($16.5 billion), Der Spiegel says Bertelsmann […]

  • This, photo shows the 21st Century

    Sony Pictures Joins 21st Century Fox Hunt as Deal Talk Spreads Across Biz

    BERLIN — Speculation continues to grow in Germany about Bill Gates’ much-anticipated move into the Teutonic market. The weekly Der Spiegel reports that Microsoft and media giant Bertelsmann are in talks with the Deutsche Bank to take over Deutsche Telekom’s cable network. While Telekom is asking DM 30 billion ($16.5 billion), Der Spiegel says Bertelsmann […]

  • Songs for Screens Powered by Mac

    Songs for Screens: Exclusive Premiere From Poo Bear and T-Bone Burnett; The Avalanches Hit The Slopes With North Face (Listen)

    BERLIN — Speculation continues to grow in Germany about Bill Gates’ much-anticipated move into the Teutonic market. The weekly Der Spiegel reports that Microsoft and media giant Bertelsmann are in talks with the Deutsche Bank to take over Deutsche Telekom’s cable network. While Telekom is asking DM 30 billion ($16.5 billion), Der Spiegel says Bertelsmann […]

  • India’s PVR Buys Stake in iPic

    India’s PVR Buys Stake in iPic U.S. Luxury Theater Chain

    BERLIN — Speculation continues to grow in Germany about Bill Gates’ much-anticipated move into the Teutonic market. The weekly Der Spiegel reports that Microsoft and media giant Bertelsmann are in talks with the Deutsche Bank to take over Deutsche Telekom’s cable network. While Telekom is asking DM 30 billion ($16.5 billion), Der Spiegel says Bertelsmann […]

More From Our Brands

Access exclusive content