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Vodafone Approaches Kabel Deutschland to Discuss Bid

Vodafone Group Plc approached Kabel Deutschland Holding AG to discuss acquiring the German cable operator, a target worth at least $9.5 billion that would help the wireless carrier expand in the broadband and TV market.

Vodafone’s informal offer values Kabel Deutschland at between 81 euros and 82 euros a share, said people familiar with the matter. Kabel Deutschland shares jumped as much as 11 percent to 83.05 euros after Vodafone, confirmed the “preliminary” approach in a statement today.