Vodafone is paying a total of 7.7 billion euros to buy Germany's Kabel Deutschland.
Both Vodafone ( and Kabel Deutschland issued statements saying they were happy with the all-cash deal. The U.K.-based telecom giant is offering 87 euros for each Kabel Deutschland share, for a total of 7.7 billion euros. )
This seems to end the short-lived battle between Liberty Global (Fortune 500) and Vodafone; both companies had been pursuing Kabel Deutschland. ,
Vodafone says the purchase will allow it to continue growing in the German market and cross-sell Kabel Deutschland TV and broadband services to its existing customers.
Vodafone is one of the world's largest mobile communications companies with a market capitalization of roughly $132 billion.
|Light bulb ban set to take effect|
|Netflix finds plenty of binge watching, but little guilt|
|Military retirees: You betrayed us, Congress|
|Military families worry about skyrocketing grocery bill|
|Average American inheritance: $177,000|