Deutsche links with Liberty Media in German cable deal

Deutsche Bank has teamed up with Liberty Media, the US media investment company run by Jim Mallone, to create one of Germany's largest regional cable operators.

Deutsche Bank's DB Investor unit is selling its cable assets held in Telecolumbus, Germany's third largest cable company, to Liberty in return for a 12% stake in Liberty Kable Deutschland, Liberty's German media investment subsidiary. DB Investor was advised by Deutsche Bank.

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