Tiger Brokers

Market Chatter: Ares Management to Recoup Only Half of TalkTalk Investment in BT Deal

MT Newswires Live
Oct 06

Ares Management (ARES) will recover only about 50% of the money it invested in TalkTalk after BT Group agreed to buy the telecommunications firm out of insolvency, Bloomberg reported Tuesday, citing people familiar with the matter.

Ares received about 100 million British pounds ($133 million) for giving up its security over TalkTalk and agreeing to BT's acquisition, the report said.

TalkTalk declined to comment to MT Newswires, while Ares and BT did not immediately respond to requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 118.72, Change: +1.59, Percent Change: +1.36

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