Vivendi to sue as TIM accepts up to €22 billion KKR bid

TIM has accepted a bid from KKR that values it network operations business at up to €22 billion, but major shareholder Vivendi is unhappy with the decision and is lawyering up.
The announcement from TIM on Sunday finally brings some clarity to a saga that has been playing out for many months, but with the threat of legal action looming, a firm conclusion could be some way off.
The industry has been speculating on what KKR would be willing to pay for NetCo since June, when TIM selected it ra