* Said to be willing to pay up to 5 bln euros
* Would be bidding against DirecTV
* Vivendi, KKR, Apax unavailable for comment
PARIS, Jan 31 Private equity firms KKR and Apax
Partners are teaming up to bid for French media group Vivendi's
Brazilian telecoms subsidiary GVT, according to a
Bloomberg report citing unnamed sources with knowledge of the
The KKR-Apax group is said to be willing to pay as much as 5
billion euros ($6.8 billion) for GVT, below Vivendi's asking
price of 8 billion, the report said. BTG Pactual Group
, Latin America's largest investment bank, is "still
considering" whether to join the bid, it added.
The group would be bidding against U.S. satellite firm
DirecTV, which may be able to come closer to Vivendi's
asking price because of the efficiencies the deal would create,
the report said.
Spokespeople at Vivendi, Apax and KKR were unavailable for
Earlier this month, a newspaper reported that BTG Pactual
had pulled out of the race to acquire GVT.
Although GVT has been a growth driver for Vivendi, the
French group has come to see funding its expansion as a burden
while GVT's cash generation has not matched its heavy capital