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Vodafone inks € 7.7 billion deal with KDG
MUMBAI: Germany‘s largest cable-TV platform, Kabel Deutschland, is set to be taken over by mobile telco giant Vodafone in a deal worth € 7.7 billion ($10.1 billion).
[Click and drag to move] Liberty Global, which owns Germany‘s Unity Media, had also been eyeing KDG, which has about 7.6 million TV subscribers in Germany. The transaction values KDG at € 87 per share. Its combination with Vodafone, which has 32.4 million mobile customers in the country, will create a company with € 11.5 billion in German revenues.
Vodafone predicts a strong growth potential for KDG, particularly with multi-service bundles-existing Vodafone customers can be cross-sold KDG‘s broadband, fixed telephony and TV offerings, while KDG subs can be cross-sold Vodafone‘s mobile offerings.
“German consumer and business demand for fast broadband and data services continues to grow substantially as customers increasingly access TV, fixed and mobile broadband services from multiple devices in the home and [Click and drag to move] workplace and on the move,” said Vodafone CEO Vittorio Colao. “The combination of Vodafone Germany and Kabel Deutschland will greatly enhance our offerings in response to those needs and is consistent with Vodafone‘s broader strategy of providing unified communications services. The transaction announced today-which the management and supervisory boards of Kabel Deutschland intend to recommend to their shareholders-will lead to the creation of an operator with significant competitive scale, attractive operating and capital investment efficiencies and a combined management team with expertise across all communications segments and technologies.”
Following the transaction, KDG management will be responsible for the combined consumer fixed-line business throughout Germany and for creating the single product platforms for TV, broadband and fixed telephony, out of the existing headquarters in Unterföhring. The platform‘s CEO Adrian V Hammerstein, will be invited to join the management board of Vodafone Germany.
Hammerstein commented, “Kabel Deutschland has evolved into one of the most dynamic players in the sector. Its high-performance infrastructure and successful strategy makes it ideally placed to continue returning above-average growth in a rapidly changing market. Kabel Deutschland and Vodafone are an ideal fit. Together, we have the opportunity to become Germany‘s leading telecommunications and television provider and to create what for the German market is a unique, winning combination of fixed line and mobile communications.”
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Canva acquires animation and AI startups Cavalry and MangoAI
The deals strengthen Canva’s push into enterprise and AI-led design workflows
AUSTRALIA: Global visual communication platform Canva has stepped up its acquisition drive, buying UK-based 2D animation platform Cavalry and US-based AI startup MangoAI to deepen its AI-powered creative stack.
Cavalry, whose tools are used by brands including Amazon, Meta, Google and Netflix, will strengthen Canva’s motion design capabilities. The deal builds on Canva’s 2024 acquisition of Affinity, which has crossed four million downloads since launch. With Cavalry, Canva now counts seven Europe-based acquisitions, underscoring its global expansion strategy.
MangoAI, an early-stage startup focused on video advertising optimisation, will integrate its reinforcement learning systems into Canva AI. The move aims to enable brands to generate personalised marketing content in real time, cutting production cycles while improving campaign performance. MangoAI co-founder Vinith Misra will join Canva as reinforcement learning lead in its research lab.
Canva co-founder and chief operating officer Cliff Obrecht said the acquisitions reflect the company’s ambition to make professional-grade creative tools more accessible without sidelining human creativity. The goal, he said, is to bring everything from vector to motion design into a single, integrated suite.
The company now reports 265 million active users, including 31 million paid subscribers, and $4 billion in annualised revenue, up 36 per cent year on year. The latest buys further position Canva against rivals such as Adobe and Apple’s Creator Studio as it pushes deeper into enterprise workflows.
Canva head of pro design marketing Liam Fisher, said AI is intended to act as a creative assistant rather than a replacement, reinforcing the primacy of craft and individual design judgement.
