Vodafone takeover of Kabel Deutschland off

Bloomberg is reporting that Vodafone's planned takeover of Kabel Deutschland Holding AG has been suspended.

This has not yet been confirmed.

Kabel Deutschland shares were indicated 6 percent lower in premarket trades, according to data from brokerage Lang & Schwarz.

A source with direct knowledge of the matter told Reuters last week that Vodafone hired Goldman Sachs to advise on a possible 10 billion euro ($13 billion) bid for Kabel Deutschland, Germany's biggest cable operator.

(Reuters)