Alphabet and CenturyLink Inc. might be eyeing bandwidth infrastructure and cloud services firm Zayo. A Bloomberg report on Friday suggested that preliminary talks were on, although it is still uncertain whether or not the initial interest would develop into a bidding process.
Private-equity firms including Blackstone, Stonepeak, KKR, I Squared, GTCR and Charlesbank have also reportedly shown interest in Zayo. Their buyout offers were reportedly in the range of low to mid $30 per share.
In pre-market trading on Monday, Zayo shares jumped around +5%.
a bandwith telecommunications service
Industry SpecialtyTelecommunications