Biden Faces Tougher Sell to Manchin as Coal Hits 12-Year High

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KKR Makes $12 Billion Bid for Telecom Italia at 46% Premium

(Bloomberg) — U.S. private equity giant KKR & Co. offered to buy Telecom Italia SpA for 10.8 billion euros ($12.2 billion), a move that’s likely to see opposition from its largest shareholder, Vivendi SE.Most Read from BloombergNew York City Is Building a Wall of Oysters to Fend Off FloodsA Denser City, But at What Cost?The Women Behind Historic House DesignsAn Oil Company Went Up in Flames, Burning Lenders and the PlanetHong Kong’s New Museum Tries to Please Art World — and BeijingKKR’s prelim