Deals
Malone Isn’t Seeking Bids as Vodafone Weighs How to Use Cash
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John Malone, the U.S. cable magnate who built Europe’s largest cable-television operator through acquisitions, said while he would consider offers for Liberty Global Plc, he’s “happy” with the company as is.
As Vodafone Group Plc agreed on the $130 billion sale of its stake in U.S. venture Verizon Wireless, the question of how the second-biggest mobile phone company could spend the windfall has focused on its recent efforts to expand in cable. Since Vodafone agreed to buy Germany’s Kabel Deutschland Holding AG in June, speculation has also shifted to whether Liberty Global would be among its next targets.