KKR & Co and CVC Capital Partners are considering a bid for Italian-based Telecom Italia SpA, Bloomberg News on Thursday. It said a lot of people knew that the matter was serious.
The two private equity firms have conducted exploratory talks about potential a joint offer, the report added. Among those people asked, not to be identified as private discussions.
CVC Capital, KKR and Telecom Italia did not respond immediately to a Reuters comment request.
There have been several months since the CVC studied a possible acquisition of Telecom Italia, the reports told CNN reported. The private equity firms are still discussing the merits of teaming up for the joint bidding.
KKR has made the latest 10.8 billion euro ($12 billion) offer in the event of a boardroom row between the company's CEO Luigi Gubitosi and the former Italian telecoms monopoly's top investor Vivendi, reports show Thursday.
Gubitosi told the board that he's ready to step aside to speed up a decision on the KKR offer, according to sources.
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