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)
- Islamic State executes soldiers, takes hostages at Syria base: social media |
- Breakthrough hopes dented as Ukraine accuses Russia of new incursion |
- Gaza truce holding but Israel's Netanyahu under fire at home |
- WHO shuts Sierra Leone lab after worker infected with Ebola
- Ukraine warns Europe of Russian gas cut-off, Moscow denies