View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 9, 1997updated 05 Sep 2016 12:32pm

NEWS IN BRIEF: OLIVETTI PC ARM SALE

By CBR Staff Writer

Analysts treated as the ultimate yawn overheated stories that Ing C Olivetti & Co SpA was finally about to sell its personal computer business – especially since the only names in the stories are the US buyout funds that have already been identified as the only suitors. Analysts estimated a deal to dump the personal computer arm could be worth around $130m in cash and debt reduction, but debt is so enormous that that would be a drop in the ocean. US financier Edward Gottesman of the Centenary group is said to be working on a bid with Zanussi SpA chairman Gianmario Rossignolo while US corporate debt trader Gary Klesch, head of London-based Klesch & Co, is also again said to be interested. Rossignolo confirmed a report in Il Sole 24 Ore that he is discussing doing a deal with Centenary in which he would become executive chairman of the company that would buy the division, to give the deal a skimpy Italian fig-leaf.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU