Deals
Vodafone Abandons Talks With Liberty Global Over Asset Swap
- Deal said to stall on valuation differences in U.K., Germany
- Vodafone shares fall to 10-month low in London trading
Vodafone, Liberty Global End Asset-Swap Talks
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Vodafone Group Plc ended talks about an exchange of assets with John Malone’s pay-TV giant Liberty Global Plc, denying the wireless company a chance to revive its European business that has been threatened by price wars. Shares of the mobile carrier fell to a 10-month low in London.
The deal stalled on differences over the valuations for Liberty Global’s Virgin Media unit in the U.K. and businesses including the companies’ German operations, according to a person familiar with the matter. Vodafone is also concerned about Liberty Global’s growing wireless presence, the person said, asking not to be identified discussing private deliberations.