TPG (TPG) is in advanced talks to buy Crown Castle’s (CCI) fiber business for approximately $8B, Bloomberg’s Michelle Davis and Gillian Tan report, citing people familiar with the matter. A deal for the fiber and wireless assets could be announced within weeks, said the people, who asked to not be identified because the talks are private. No final decision has been made and discussions could fall through or another buyer could emerge, the people added. Representatives for TPG and Crown Castle declined to comment, the authors noted.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TPG:
- TPG in advanced talks to acquire Crown Castle fiber unit, Bloomberg says
- TPG price target raised to $73 from $60 at BMO Capital
- Goldman Sachs Asset Management nears deal to buy Synthon, FT reports
- Bet On It: Gambling.com to acquire Odds Holdings for $80M upfront
- Caesars closes sale of the LINQ Promenade to JV for for $275M