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Sky has emerged as potential kingmaker in a looming £9bn bid battle between private equity giants for mobile operator O2. The pay-TV company is being courted by at least five buyout specialists seeking its heavyweight backing for their bids, City sources revealed. Discussions are in their early stages, but involve a who’s who of big private equity firms, including KKR, TPG, Bain Capital, Apollo, CVC Capital Partners and Apax Partners. - The Sunday Telegraph.
