KPMG joins Andersen feeding frenzy
A third suitor has emerged to buy up Andersen, joining the round of talks that is rapidly beginning to resemble the sale of the century.
According to reports in the US, KPMG is now actively looking at the embattled Big Five auditor, but is thought to be more interested in only acquiring Andersen’s European practices.
A spokesman for KPMG declined to comment on the talks but said: ‘Things are being kept under review.’
The move follows the news that both Deloitte & Touche and Ernst & Young were in discussions with Andersen, which could soon face criminal charges for obstruction of justice.
Of the Big Five, only PricewaterhouseCoopers currently remains uninvolved with merger talks.