KKR failed to acquire Telecom Italia in a $37bn deal.

KKR, a global investment firm, failed to acquire Telecom Italia, a telecommunication company, in a $37bn deal. On January 12, 2022, Italy announced it wants to keep control of Telecom Italia's key assets in any KKR bid. On February 12, 2022, Telecom Italia announced its Board together with new CEO Pietro Labriola will discuss alternatives to KKR takeover on Monday February 14, 2022.