John Malone, the billionaire chief of Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) said that his company has the ability to create shareholder value on a standalone basis. Malone said he is happy with Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) as is. John Malone’s e-mailed statement was in response to a question by Kristen Schweizer, Manuel Baigorri & Adam Ewing of Bloomberg. Though he said he has to consider an offer if it comes along.
Vodafone could target John Malone’s Liberty Media
There has been a lot of chatter after the $130 billion Verizon-Vodafone deal that the British telecom giant could make an offer for Liberty Media Corp. Recently, Vodafone Group Plc (NASDAQ:VOD) (LON:VOD) agreed to sell its 45% stake in its U.S. joint venture Verizon Wireless to the majority stakeholder Verizon Communications Inc. (NYSE:VZ).
Vodafone Group Plc (NASDAQ:VOD) (LON:VOD) is likely to use the large pile of cash raised through stake sale on acquisitions. The British giant has already gobbled up Germany’s Kabel Deutschland Holding AG (FRA:KD8) (ETR:KD8) (OTCMKTS:KBDHF) for $10 billion. It indicates that Vodafone Group Plc (LON:VOD) (NASDAQ:VOD) is focusing its efforts on cable industry. So, there have been speculations that John Malone’s Liberty Media Corp (NASDAQ:LMCA) could be the next target. John Malone had also made a failed attempt to buy Kabel Deutschland Holding AG (FRA:KD8) (ETR:KD8) (OTCMKTS:KBDHF). Vodafone Group Plc (LON:VOD) (NASDAQ:VOD) said it will receive $58.9 billion in cash, and the remaining sum in Verizon Communications Inc. (NYSE:VZ) stock and other items.
John Malone plans to expand in Southern Europe
There are several other cable operation in Europe such as Numericable SAS of France, Grupo Corporativo ONO SA of Spain and Zon Optimus SGPS of Portugal. But analysts believe that John Malone’s company could be real candidate. Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) recently acquired Virgin Media Inc. (NASDAQ:VMED) (LON:VMED) for $16 billion. It has operations in 14 countries.