Adam Eisner, theWHIR.com
April 5, 2002 — (WEB HOST INDUSTRY REVIEW) — A group of four high-profile investors is considering bidding for Asia Global Crossing, a unit of bankrupt communications firm Global Crossing, according to a report published in The Wall Street Journal.
The group reportedly includes the Carlyle Group of Washington, a buyout firm led by former U.S. Defense Secretary Frank Carlucci, the Emerging Markets Partnership, which is led by the former prime minister of Pakistan, and a Hong Kong conglomerate owned partially by the Chinese government.
According to the report, the companies are interested in paying at least $250 million U.S. for a controlling stake in the firm. An Asia Global Crossing Spokeswoman told the Journal that the company is in the process of meeting with “quite a number” of different investors but could not provide any additional comment.
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