Media mogul John Malone's Liberty Global (LBTYA.O) will buy Kabel BW [KBWHL.UL] after private equity firm CVC declined to raise its offer in a fierce battle for the German cable operator. The deal values Kabel Baden Wuerttemberg at 3.16 billion euros ($4.48 billion), its parent, Swedish buyout firm EQT [EQTPRK.UL], said on Monday. Over the weekend, Liberty edged ahead in the auction, in which CVC [CVC.UL] had previously looked a likely winner with its 2.95 billion euro bid.
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