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What: Shares of AsiaInfo-Linkage
So what: According to a Reuters report, several global private equity firms, including well-known names like KKR & Co. and TPG Capital, are considering potential bids for AsiaInfo-Linkage. A possible deal could value the company north of $1 billion.
Now what: This comes after a January offer from CITIC Capital, which had sent a proposal letter to the company for an all-cash offer, although the specific price wasn't disclosed. The report even names strategic rivals that may be thinking of swooping in to pick up the software maker, including Oracle and IBM, among others. If a bid emerges, CITIC is expected to play some role in the deal.
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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. The Motley Fool owns shares of Oracle and International Business Machines. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.