MyRepublic said to be seeking private-equity backing for M1 bid
The Internet provider has been approaching buyout firms to help finance its planned offer for M1
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Singapore
MyRepublic Ltd, the Singapore Internet provider backed by billionaire Xavier Niel, is seeking a private-equity partner as it bids for local wireless carrier M1 Ltd, according to people with knowledge of the matter.
MyRepublic, which last year bid unsuccessfully for Singapore's fourth mobile operator licence, has been approaching buyout firms about helping finance its planned offer for M1, the people said, asking not to be identified because the process is private.
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