John Malone, the billionaire who controls Liberty Global Plc, said he’s out of the race for Kabel Deutschland Holding AG and will look to southern Europe for opportunities when the economy there starts improving.
Vodafone Group Plc agreed to buy Germany’s largest cable operator last month after increasing its bid to 87 euros ($114) a share, or 7.7 billion euros, to top Liberty Global’s 85-euro offer. Liberty Global had considered countering Vodafone’s offer, people familiar with the matter have said.
