Fergie's Tech Blog

Vodafone Japanese Unit Target of $15B Bid

An AP newswire article by Aleksandrs Rozens, via SFGate.com, reports that:

Investment firms Providence Equity Partners Inc. and Cerberus Partners LP are readying a roughly $15 billion bid for a Japanese unit of British mobile-phone operator Vodafone Group PLC, according to a person familiar with the discussions.

Banks that may help finance the purchase, which could be in the form of a leveraged buyout, include ABN Amro Holding NV, JPMorgan Chase & Co. and Morgan Stanley, according to the person, who declined to be identified because the negotiations were still under way.

posted by Fergie @ 3/16/2006 12:49:00 PM