×

Vodafone Ends Talks with John Malone’s Liberty Global over Assets Swap

LONDON — Vodafone Group, the world’s second-largest mobile-phone company, has ended talks with John Malone’s international cable operator Liberty Global regarding an assets swap.

In June, Vodafone confirmed that it was in the early stages of discussions with Liberty Global regarding a possible exchange of selected assets. Vodafone’s cable business in Germany, market leader Kabel Deutschland, was thought to be one focus of the assets swap, while Vodafone was believed to have viewed Liberty Global’s U.K. cable company Virgin Media as one it would like to acquire.

In May, Liberty Global chairman Malone had said that the two companies would make a “great fit.” “We’ve looked at that from our side and there would be very substantial synergies if we could find a way to work together or combine the companies with respect to Western Europe,” he told Bloomberg. This sparked speculation that a £120 billion ($183 billion) merger could be an option, but Vodafone denied this.

Negotiations broke down when the companies failed to agree on the value of Virgin Media and both companies’ assets in Germany, according to an insider, speaking to Bloomberg. Liberty Global owns Germany’s second largest cable operator, Unitymedia.

In an interview earlier this month, Malone admitted there was a deadlock: “Conceptually there could be some real value created but realistically we haven’t been able to figure out a way to do that that’s mutually successful.”

More Digital

  • Three Great New Narrative AR and

    New AR/VR Worth Watching This Week: 'Crow,' 'Wonderscope,' 'Age of Sail'

    LONDON — Vodafone Group, the world’s second-largest mobile-phone company, has ended talks with John Malone’s international cable operator Liberty Global regarding an assets swap. In June, Vodafone confirmed that it was in the early stages of discussions with Liberty Global regarding a possible exchange of selected assets. Vodafone’s cable business in Germany, market leader Kabel […]

  • Criterion Collection

    With FilmStruck Shutdown, Criterion Collection Inks WarnerMedia Deal to Launch Standalone Streaming Service

    LONDON — Vodafone Group, the world’s second-largest mobile-phone company, has ended talks with John Malone’s international cable operator Liberty Global regarding an assets swap. In June, Vodafone confirmed that it was in the early stages of discussions with Liberty Global regarding a possible exchange of selected assets. Vodafone’s cable business in Germany, market leader Kabel […]

  • Facebook Logo

    Democratic Senators to Mark Zuckerberg: Facebook's Retaliation Against Critics May Have Legal Implications

    LONDON — Vodafone Group, the world’s second-largest mobile-phone company, has ended talks with John Malone’s international cable operator Liberty Global regarding an assets swap. In June, Vodafone confirmed that it was in the early stages of discussions with Liberty Global regarding a possible exchange of selected assets. Vodafone’s cable business in Germany, market leader Kabel […]

  • Xbox One X Console Controller Front

    Disc-Free Xbox One in the Works (Report)

    LONDON — Vodafone Group, the world’s second-largest mobile-phone company, has ended talks with John Malone’s international cable operator Liberty Global regarding an assets swap. In June, Vodafone confirmed that it was in the early stages of discussions with Liberty Global regarding a possible exchange of selected assets. Vodafone’s cable business in Germany, market leader Kabel […]

  • Kickstarter Gameband Game Watch is Officially

    Kickstarter Gameband Game Watch Is Officially Dead, No Refunds in Sight

    LONDON — Vodafone Group, the world’s second-largest mobile-phone company, has ended talks with John Malone’s international cable operator Liberty Global regarding an assets swap. In June, Vodafone confirmed that it was in the early stages of discussions with Liberty Global regarding a possible exchange of selected assets. Vodafone’s cable business in Germany, market leader Kabel […]

  • Facebook Tests Messenger Group Video Viewing

    Facebook May Be Bringing Group Video Viewing to Messenger

    LONDON — Vodafone Group, the world’s second-largest mobile-phone company, has ended talks with John Malone’s international cable operator Liberty Global regarding an assets swap. In June, Vodafone confirmed that it was in the early stages of discussions with Liberty Global regarding a possible exchange of selected assets. Vodafone’s cable business in Germany, market leader Kabel […]

  • Ken Jeong Cracks Christmas – YouTube

    Ken Jeong Wears an Ugly Christmas Sweater in YouTube's Holiday Special

    LONDON — Vodafone Group, the world’s second-largest mobile-phone company, has ended talks with John Malone’s international cable operator Liberty Global regarding an assets swap. In June, Vodafone confirmed that it was in the early stages of discussions with Liberty Global regarding a possible exchange of selected assets. Vodafone’s cable business in Germany, market leader Kabel […]

More From Our Brands

Access exclusive content