https://www.reuters.com/article/telecom-italia-m-a-kkr/kkrs-37-billion-approach-boosts-telecom-italia-shares-idUSKBN2I70JM

MILAN (Reuters) -Investors in Telecom Italia on Monday cheered a proposal by U.S. fund KKR to buy Italy's debt-laden former phone monopoly for 33 billion euros ($37 billion) in what would be Europe's biggest ever private equity buyout.