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CenturyLink (CTL) Stock Down, Suitors Eye Data Center Unit

NEW YORK (TheStreet) -- Shares of CenturyLink (CTL) were sliding in pre-market trade on Friday despite the fact that a consortium of four private equity firms has begun talks to acquire the company's data center unit, sources told Reuters.

Firms GTCR, Charlesbank Capital, Berkshire Partners and Stonepeak Infrastructure make up the team vying for a club deal with the Monroe, LA-based integrated communications company.

Centurylink is also speaking to BC Partners as a potential buyer for its data center business, according to...