Deals
Deutsche Telekom Said to Weigh Bid for Web-Hosting Firm HEG
- German carrier likely to join with buyout firm for offer
- Cinven said seeking to raise 1.7 billion euros for HEG
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Deutsche Telekom AG is considering a bid for Host Europe Group Ltd., the Internet domain registry and website-hosting company owned by private equity firm Cinven Ltd., according to a person familiar with the situation.
Deutsche Telekom, which owns the web-hosting company Strato AG, is likely to team up with a private equity firm for the offer, said the person, who asked not to be identified because the discussions are private. HEG, based in Middlesex, England, could fetch about 1.7 billion euros ($1.9 billion) and is likely to draw interest from buyout firms including Hellman & Friedman and Blackstone Group LP, the person said.