Vodafone (VOD) has reached a preliminary deal to acquire Kabel Deutschland for €7.7B ($10.1B),...

|About: Vodafone Group Plc (VOD)|By:, SA News Editor

Vodafone (VOD) has reached a preliminary deal to acquire Kabel Deutschland for €7.7B ($10.1B), or €87/share, Bloomberg reports. The price tag, which rises to €10.7B after factoring in Kabel's debt, represents a 2% premium from the €85/share both Vodafone and Liberty Global (LBTYA) were previously reported to have bid for the German cable provider, which claims 8.5M connected homes and 15M passed homes.