Deals
TPG, Gores Said to Compete for Stake in Nokia Siemens
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Feb. 15 (Bloomberg) -- TPG Capital, Gores Group LLC and athird private equity firm are competing to buy a stake in NokiaSiemens Networks after Blackstone Group LP lost interest,according to three people with knowledge of the discussions.
An agreement is likely to be reached by the end of thesecond quarter, said one of the people, who declined to beidentified because the talks are private. Gores, which wasworking with Blackstone, is teaming up with another buyout fund,the people said. The third bidder competing against TPG and theGores consortium couldn’t be identified.