24 June 2013 Last updated at 02:58 ET
Kabel Deutschland's board said it would recommend that shareholders accept the offer
Vodafone has agreed with the board of German cable TV firm Kabel Deutschland to buy the business for 7.7bn euros (£6.6bn; $10bn).
Vodafone is offering shareholders 87 euros per share in cash, a bid the Kabel board said it would now recommend to shareholders.
Vodadone had faced a potential bidding war with John Malone's Liberty Global after it made a rival offer.
Liberty had proposed to purchase shares for 85 euros each.
Source: BBC News - Business http://www.bbc.co.uk/news/business-23026955#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa
