Kabel Deutschland confirmed that it had received a preliminary takeover bid by Liberty Global.
Financial Times said the offer values Kabel Deutschland’s equity at about EUR7.5 billion or EUR85 per share.
This is substantially higher than Vodafone’s earlier bid for the German cable operator, who valued the company at EUR7.2 billion or EUR80 per share.
According to local reports, the cabler rejected Vodafone’s bid.
Liberty Global already owns and operates Unitymedia Kabel BW, which is active in the German states of North Rhine-Westphalia, Hessen and Baden Württemberg.
LGI is the country’s second largest operator, after Ksbel Deutschland, and any deal involving the two cable operators would involve the German monopoly commission Bundeskartellamt.
Vodafone is also active on the German telecoms market with mobile telephony and an IPTV service.