https://www.reuters.com/article/telecom-italia-kkr/kkr-makes-non-binding-12-billion-takeover-proposal-for-telecom-italia-idUSKBN2I606D

MILAN (Reuters) -Telecom Italia (TIM) said on Sunday its board had examined a non-binding proposal by U.S. fund KKR aimed at taking Italy's biggest phone group private that valued it at 10.8 billion euros ($12 billion).