Phones 4u sponsor approached Dixons to hijack Carphone Warehouse merger
Phones 4u sponsor BC Partners has approached Dixons in an attempt to derail its planned tie-up with Carphone Warehouse, Sky News reported.
The article cited people close to the situation who said the private equity firm contacted senior Dixons executives over a potential alliance shortly after Dixons-Carphone Warehouse merger talks surfaced in late February.
According to the sources, the chance of throwing a spanner in the works of the electronics retailing merger are slim. They did not know whether talks between BC Partners and Dixons were still ongoing, the report noted.
Phones 4u has a joint venture with Dixons under which it operates stores in the group's Currys and PC World branches that expires within the next 12 months.
BC Partners declined to comment, the report added.
This news service is owned by BC Partners.
Source Sky News