Network International receives £1.6 billion plus takeover approach from CVC Capital and Francisco Partners, reveals Bloomberg

Arch rivals at Bloomberg have dug out a rather good deals scoop.

Earlier this afternoon hacks at the newswire revealed that CVC Capital Partners, the UK-based private equity firm, was in talks with FTSE 250-listed Network International about a takeover of the Middle Eastern payments company and credit card processor. Below is the link:..