Ubisoft shares tumble as Tencent deal seen dampening buyout prospects
Shares in Ubisoft Entertainment (UBIP.PA) tumbled on Wednesday after it announced a deal that sees China’s Tencent Holdings (0700.HK) raise its stake in the company, a move which analysts say dampens the prospect of a full sale of the French game maker.
Telecom Italia board to discuss network spinoff in slow-burn KKR drama
The board of Telecom Italia (TIM) (TLIT.MI) will discuss the group’s overhaul on Monday as newly appointed chief executive Pietro Labriola strives to forge an alternative to a takeover proposal by U.S. fund KKR (KKR.N).
KKR makes $12 billion approach to take Telecom Italia private
Telecom Italia (TIM) (TLIT.MI) has received a 10.8 billion euro ($12 billion) approach from U.S. fund KKR (KKR.N) aimed at taking Italy’s biggest phone group private, the company said on Sunday.
