By Linda Chiem ( June 18, 2015, 7:04 PM EDT) -- California-based Google Inc. and London private equity fund Permira are in talks to make a joint bid for U.K. supermarket chain Tesco PLC's customer data analytics business, Dunnhumby, which could be valued at up to £1 billion ($1.59 billion), Reuters reported Thursday. Dunnhumby gathers and analyzes consumer data, which companies and retailers use to design customer loyalty programs and customer shopping experiences. Tesco, which has been saddled with profit losses and an accounting scandal, earlier this year announced plans to shed assets in a bid to shore up its balance sheet. It reportedly tapped Goldman Sachs Group Inc. to explore strategic options for Dunnhumby, which also has attracted interest from other potential buyers, according to Reuters. Tesco has also been working on unloading its South Korean retail operations, Homeplus, either through a sale or an initial public offering....
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
