Gores Said to Talk With Carlyle, Buyout Firms on SagemCom Sale

Gores Group LLC is in talks with Carlyle Group as well as other private-equity firms to sell Sagem Communications, a French provider of network equipment and television set-top boxes, said two people with direct knowledge of the situation.

Gores, a Los Angeles-based private-equity firm, is using Goldman Sachs Group Inc. as a financial adviser on SagemCom, said the people, who declined to be identified because the matter is private. A deal may value SagemCom at as much as 700 million euros ($989 million), they said. Talks are ongoing and an agreement may not be reached.