Texas Pacific Group, a US buyout firm, may take on Australian bank Macquarie for the telecoms and media assets of Hong Kong-based PCCW, in a deal which could be worth up to $8bn (€6.3bn).

Texas Pacific may bid over $6.4bn for PCCW's assets, rivalling a potential bid group led by Macquarie, according to Bloomberg.

James Taylor

Newton IM’s latest big name exit, and Citi’s investment in ETF platform

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Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

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Texas Pacific to join PCCW fight

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