Both parties unable to find “alignment”. Vocus Group's $6.3 billion offer to buy certain TPG assets has fallen through. The Australian Securities Exchange-listed telecommunications provider told shareholders it had ceased discussions regarding Vocus' non-binding offer to acquire TPG's enterprise, government and wholesale assets, including Vision Network. According to TPG, the deal involved considerable complexity with both parties unable to find "alignment" on the operating model and commercial terms. TPG said it lacked sufficient confidence that a "successful transaction can be agreed and executed". In August, TPG told shareholders that Vocus had made the $6.3 billion offer following the former's strategic review of its wholesale residential fixed access business Vision Network. At the time, TPG said Vocus's offer was subject to many conditions, including exclusive due diligence, and was set to expire on 6 September. ARN has contacted Vocus for comment. Related content news Regional NSW AI preparation lacking Deficits in infrastructure and education need to be addressed. By Sasha Karen 26 Apr 2024 4 mins Innovation Emerging Technology news IBM to acquire HashiCorp for US$6.4B in hybrid cloud, AI play Close to half of HashiCorp’s voting power, at 43 per cent, has entered into an agreement to approve the deal. By Sasha Karen 26 Apr 2024 2 mins Mergers and Acquisitions Cloud Computing Vendors and Providers news Digital hub reopens in Cremorne The hub previously operated in a “very limited capacity” and could not roll out program and hold industry events prior to the refurbishment. By Sasha Karen 24 Apr 2024 2 mins Business Operations Emerging Technology Industry news HP brings AI PCs to Australia Includes extra processing power for AI workloads. By Sasha Karen 24 Apr 2024 2 mins Emerging Technology Vendors and Providers SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe