Alphabet, CenturyLink among potential bidders for Zayo, Bloomberg reports - InvestingChannel

Alphabet, CenturyLink among potential bidders for Zayo, Bloomberg reports

Alphabet (GOOG, GOOGL), CenturyLink (CTL) and the infrastructure arm of private equity firm EQT Partners are among the potential suitors weighing takeover bids for Zayo Group Holdings (ZAYO), Bloomberg reported last night, citing people with knowledge of the matter. Zayo Group, which is also being courted by a group of private equity firms, gave possible bidders access to some financial information in recent weeks, sources told Bloomberg, which added that deliberations are in an early stage. Shares of Zayo group rallied 8%, or $2.07, to $28.77 in after-hours trading Friday night following Bloomberg’s report.