Global cable group Liberty Global Inc. (LBTYB) is preparing a takeover bid for Germany's Kabel Deutschland Holding AG (KD8.XE), Manager magazine reports in the advance release of an article to be published in Friday's edition.

Liberty Global CEO Michael Fries and CEO of German subsidiary Unitymedia KabelBW Lutz Schueler are working on the offer, the report says.

Liberty Global and Unitymedia KabelBW declined to comment, as did Kabel Deutschland.

The takeover plan comes after Vodafone Group PLC (VOD.LN) showed interest in acquiring Kabel Deutschland, which was reported by Dow Jones in mid-February.

In February, the German cartel office blocked Kabel Deutschland's attempt to takeover competitor Tele Columbus, citing antitrust concerns, which could likewise be an obstacle for Liberty Global's plans.

Liberty Global already owns the country's No. 2 and No. 3 cable operators Unitymedia and Kabel BW, which it has combined into one business to create its German subsidiary.

Newspaper website: http://manager-magazin.de

Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

Copyright 2013 Dow Jones Newswires

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Liberty Global Prepares Acquisition of Kabel Deutschland -Report