FRANKFURT Buyout group Centerbridge has tied up with Deutsche Telekom (DTEGn.DE) to bid for Tipico as an auction of Germany's largest private sports betting group nears the end, two people familiar with the matter said.
According to the sources, the German telecoms bellwether aims to take a minority stake in privately-held Tipico as it seeks to expand revenue streams outside its traditional business, while Centerbridge would buy the majority.
16:33 Tom Brady QB's Camp Made the Call On $500k Jersey Value ... Cops Say12
03:06 Did 'The Walking Dead' Just Officially Introduce the Whisperers?15
02:36 The Zuckerberg manifesto: How he plans to debug the world25
09:43 Austria sues Airbus, Eurofighter consortium over suspected fraud18