Deals

KKR Weighs Raising Telecom Italia Bid to Win Over Vivendi

Buyout firm discusses what bid level would sway shareholders
KKR debates if 70-80 euro cents/share offer could seal a deal

Telecom Italia SpA Operations as KKR Bids $12 Billion For Company — Photographer: Francesca Volpi/Bloomberg

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By Daniele Lepido, Jan-Henrik Foerster, and Chiara Albanese

November 23, 2021 at 6:08 PM UTC

Updated on

November 24, 2021 at 10:12 AM UTC

This article is for subscribers only.

KKR & Co. is considering boosting its offer for Telecom Italia SpA after top investor Vivendi SE said the 10.8 billion-euro ($12.2 billion) bid was too low, according to people familiar with the matter.

The U.S. buyout firm is in the early stages of discussing with advisers how much it would need to increase its proposal to win over reticent shareholders, the people said, asking not to be identified because the information is private.