Liberty Global (LBTYA +0.2%) won't try to one-up Vodafone's (VOD -0.2%) €87/share offer for...

Liberty Global (LBTYA +0.2%) won't try to one-up Vodafone's (VOD -0.2%) €87/share offer for Kabel Deutschland, says John Malone, confirming media reports. Instead, Liberty will turn its sights on Southern Europe for growth opportunities. Malone: "We’re getting to the point where in northern Europe, we’re pretty much as far as we can go ... If southern Europe sort of hits the bottom, as it were, there are things we can do further south in scale."