A source close to the matter said that even after Equinox S.A. pulled out from the bid to acquire Telecom Italia Media SpA, its partner Clessidra SGR S.p.A. is continuing with its bid. An anonymous source said, "Equinox has pulled out but Clessidra has not thrown in the towel. It will see what happens." Reuters said that Equinox and Clessidra declined to comment on the matter.

Currently, Clessidra is competing with Cairo Communication SpA for the acquisition of Telecom Italia Media. Sources added that Clessidra was interested in the acquisition of the whole of Telecom Italia Media, while Cairo Communications was only interested in its TV business.