Zayo jumps 8.6% on chatter of Alphabet, CenturyLink interest

|About: Zayo Group (ZAYO)|By:, SA News Editor

Zayo Group (NYSE:ZAYO) is jumping after hours, +8.6%, on a new reheat of buyout chatter.

Frequently the subject of rumors about private-equity takeovers, Zayo is now seeing preliminary interest from Alphabet (GOOG, GOOGL) and CenturyLink (NYSE:CTL), Bloomberg says in headlines.

That preliminary interest might not result in a bid, though.

Firms including Blackstone, Stonepeak, KKR, I Squared, GTCR and Charlesbank have been linked to talk of purchasing Zayo in the low to mid $30s per share, though an IRR in the low teens is a hurdle as it's lower than most private-equity firms are accustomed to seeing.

Zayo Group closed today at $26.70.

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