Hutchison May Bid $13.6 Billion for U.K.’s O2, Sunday Times Says

Hutchison Whampoa Ltd., the conglomerate controlled by Hong Kong billionaire Li Ka-shing, is in early talks to bid for U.K. mobile operator O2, the Sunday Times reported, citing sources it didn’t name.

Hutchison, which owns the Three mobile network in the U.K., may pay O2’s owner Telefonica SA as much as 9 billion pounds ($13.6 billion) for the carrier, the newspaper said.