MILAN (Reuters) - Italian private equity fund Clessidra has made an offer to acquire Italy’s third-largest commercial broadcaster Telecom Italia Media TCM.MI, 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 (TLIT.MI), which owns 77 percent of the Telecom Italia Media, had set a Monday deadline to submit binding offers.
Telecom Italia was not immediately reachable for comment.
Reporting By Danilo Masoni, editing by Lisa Jucca