Four groups are still racing for the assets of Telecom Italia Media that are up for sale, according to Italian newspapers.

Cairo Communications, 3 Italia, owned by China’s Hutchison Whampoa, Germany’s RTL of the Bertelsmann Group and the US’s Discovery Channel will submit non-binding bids before today’s deadline.

The offers will be then examined by the board of TI Media’s parent company Telecom Italia on September 27th.

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