Thread: Will VM be short for Vodafone Media?
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Old 07-02-2015, 22:17   #153
1andrew1
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Re: Will VM be short for Vodafone Media?
Quote:
Motley Fool Liberty has a $38bn market cap, and $40.1bn in net debt. Vodafone is worth $95.1bn, and has $34bn in net debt. Depending upon the premium offered by Vodafone, it’s reasonable to assume that the company’s debt would double, or even triple if it went ahead and acquired Liberty.
It depends how Vodafone pays for the acquisition. If it just issued more shares, it wouldn't go further into debt. I therefore suspect any combination would be by means of a merger with parts being sold off, like the Latin American division and maybe some of the German companies to placate the competition authorities there. But at the moment, a combination of Liberty Global and Vodafone seems unlikely in the short term.
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