Market Chatter: TPG in Advanced Discussions to Acquire Crown Castle's Fiber Business

MT Newswires Live2024-12-20

TPG (TPG) is in advanced discussions to acquire the fiber business of Crown Castle (CCI) for roughly $8 billion, Bloomberg News reported Thursday, citing people familiar with the matter.

The companies could announce a deal for the fiber and wireless assets within weeks, the unnamed sources told the news outlet. Talks could collapse or another potential suitor could emerge, they reportedly added.

TPG and Crown Castle representatives declined to comment, Bloomberg reported.

The companies didn't immediately respond to MT Newswires' requests for comment.

Crown Castle shares were up 6% in after-hours activity, while TPG was little changed.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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