MILAN (Thomson Financial) - German group Bertelsmann, helped by Goldman Sachs and an unspecified bank, could offer 1-1.2 bln eur to acquire Telecom Italia Media SpA, according to the Dagospia.it website, daily Il Sole 24 Ore reported.
Yesterday, Telecom Italia Media rallied on the back of the speculation reported by Dagospia to end up 6.54 pct to 0.284 eur, giving the company a market capitalisation of 916 mln eur.
Il Sole 24 Ore said Bertelsmann, Goldman Sachs, and Telecom Italia Media all declined to comment on the rumour.
Telecom Italia SpA is Telecom Italia Media's majority shareholder with a stake of about 69 pct. danilo.masoni@thomson.com dm/ejp COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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