Seeking Alpha

Report: Vodafone makes formal bid for Spain's ONO

  • Vodafone (VOD) has made a formal offer for Spanish cable operator Grupo Corporativo ONO, the Expansion newspaper reports.
  • However, Reuters sources provide conflicting information: one says that talks are continuing, while two others say that no offer would be made.
  • Vodafone is vying with Liberty Global (LBTYA) to acquire the firm, which has also been considering an IPO.
  • Any deal for ONO, which one analyst says could be worth an estimated €6.4B ($8.7B) including debt, would add to Vodafone's acquisition of other cable providers in Europe such as Kabel Deutschland in Germany.
From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs