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NEW YORK (Kyodo) Two U.S. investment firms, Cerberus Partners LP and Providence Equity Partners Inc., will likely launch a $15 billion bid to take over Vodafone Group PLC’s Japanese subsidiary, according to U.S. media reports.

The takeover bid is expected to be a leveraged buyout, that would use the assets of the Vodaphone unit as collateral to finance the purchase. If successful, it would be one of the largest such deals ever struck in East Asia, according to the reports.

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