Liberty Media, PE Firms To Bid For KBW

Liberty Media is one of the bidders for the €2.5-3 billion auction of Kabel Baden-Württemberg (KBW) by Swedish private equity firm, EQT, Financial Times reports. Telecom company, Kabel Deutschland, along with private equity firms, such as Apax Partners, CVC Capital Partners and Hellman & Friedman, are also considering bids for KBW.

EQT is also weighing an initial public offering of KBW if offers fall below its asking price for the company, which provides television, telephone and internet services in Germany, JPMorgan and Deutsche Bank are advising EQT on the sale and IPO.

Click here for the story from Financial Times.