Deutsche Telekom is nearing an agreement to sell 70% of its stake in German online-classifieds business Scout24 holding. It will be sold to private equity firm Hellman & Friedman in a deal that would value the business at EUR2 billion.
Silver Lake Management
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According to sources interviewed by Bloomberg, New York-based private equity firm Forstmann Little & Co had shortened its list of potential bidders for IMG Worldwide Inc, its talent agency, to five.
With Michael Dell owning 75% of his company, the new board would consist of himself and two other appointees from Silver Lake Management.
Michael Dell’s US$24.4 billion bid to take Dell Inc private mounted odds as the Institutional Shareholder Services firm lean against the offer and the company’s board urged the founder and his partners to increase their bid.
