CVC Capital Partners in Talks to Acquire Vivendi's Stake in Telecom Italia, Bloomberg Says, Citing Sources

Dow Jones

2024-12-17

--Private-equity firm CVC Capital Partners is looking to potentially acquire Vivendi's stake in Telecom Italia, Bloomberg reports, citing unnamed sources.

--CVC has been in talks with Vivendi to buy its 24% stake in the Italian telecommunication group's common shares currently valued at around 1 billion euros ($1.05 billion), Bloomberg says.

--The buyout firm may eventually seek a full takeover of Telecom Italia and try to break up the business, Bloomberg adds.

--CVC, Vivendi and Telecom Italia declined to comment.

Full story: https://tinyurl.com/mpt8fhjh

Write to Najat Kantouar at najat.kantouar@wsj.com

(END) Dow Jones Newswires

December 17, 2024 05:17 ET (10:17 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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