Little progress on Liberty/Vodafone deal

16 Sep 2015

Liberty Global and Vodafone Group are still looking for a ‘common ground’ over an exchange or combination of assets, Bloomberg writes, citing Liberty chairman John Malone. ‘Conceptually there could be some real value created, but realistically we haven’t been able to figure out a way to do that that’s mutually successful,’ the official explained, adding: ‘That doesn’t mean that we won’t find a solution, nor does it imply that we will.’ Negotiations between the two parties regarding a potential asset swap or merger of certain businesses began in June this year, but have made little progress. Mr Malone noted that the back-and-forth talks had been fruitless so far, saying that no proposed structure for a deal had been found that either side could pitch to shareholders.

United Kingdom, Liberty Global (incl. LGI), Vodafone Group