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Update: Market Chatter: TPG in Advanced Discussions to Acquire Crown Castle's Fiber Business
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Update: Market Chatter: TPG in Advanced Discussions to Acquire Crown Castle's Fiber Business
Dec 19, 2024 3:11 PM

05:56 PM EST, 12/19/2024 (MT Newswires) -- (Updates with Crown Castle ( CCI ) declines to comment in fourth paragraph.)

TPG (TPG) is in advanced discussions to acquire the fiber business of Crown Castle ( CCI ) for $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 report said. Talks could collapse or another potential suitor could emerge, Bloomberg said.

TPG and Crown Castle ( CCI ) declined to comment, Bloomberg reported.

Crown Castle ( CCI ) declined to comment to MT Newswires, and TPG didn't immediately respond.

Crown Castle ( CCI ) shares rose 3.6% in after-hours activity, and TPG eased 0.1%.

(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.)

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