BC Partners resurrects talks to buy Phones 4u-report
LONDON Feb 20 (Reuters) - Phones 4u could be sold within weeks after buyout firm BC Partners [BCPRT.UL] resurrected talks to buy the privately owned mobile phone retailer for about 700 million pound ($1.1 billion), the Sunday Times reported, citing no sources.
It reported that the European buyout group approached Providence Equity Partners, the U.S. investment firm that acquired the mobile retailer in 2006, with a sweetened offer in the past couple of weeks. ($1=.6152 Pound) (Reporting by Julie Crust; editing by Maureen Bavdek)
- Six killed, including four children, in Houston-area shooting
- Israel presses Gaza offensive, kills eight in air strike: officials |
- Exclusive: Iraq tells U.N. that 'terrorist groups' seized nuclear materials
- Anger mounts as Germany unearths second U.S. spy suspect
- Ukraine threatens to retake territory from defiant rebels