MILAN Dec 3 Italian private equity fund
Clessidra has made an offer to acquire Italy's third-largest
commercial broadcaster Telecom Italia Media, two
sources said on Monday.
"They are in the race," a financial source told Reuters,
asking not to be identified.
Clessidra declined to comment.
A second source with knowledge of the situation confirmed
that Clessidra had made an offer.
Telecom Italia, which owns 77 percent of the
Telecom Italia Media, had set a Monday deadline to submit
Telecom Italia was not immediately reachable for comment.
Other potential bidders were Hutchison Whampoa's
Italian telecoms operator, U.S. TV group Discovery
Communications and advertising firm Cairo