The long rumors are now official, according to the Wall Street Journal today.
At least three groups of private-equity buyers have formed to pursue a potential purchase of wireless carrier Alltel.
It should go without saying that how this plays out has profound implications for Little Rock.
Roby Brock at Talk Business summarizes:
The WSJ says that possible buyout firms “according to people familiar with the matter” include:
• Blackstone Group and Providence Equity Partners;
• TPG Capital LLC, formerly Texas Pacific Group, and the private-equity arm of Goldman Sachs Group; and
• Carlyle Group and Kohlberg Kravis Roberts & Co.
Still other groups may be formed, says the Journal. The report also suggests that major national carrier Verizon has been put off by the high price of a deal, valued at $22 billion to $28 billion.