CREDIT CRUNCH DERAILS SALE OF REED BUSINESS INFORMATION

Posted by Joachim Bartels | Dec 11, 2010 | Business Information, Company, Country, Industry, Newsletters, Reed, United States | 0 |

Reed Elsevier’s sale of Reed Business information has taken a new twist. The asking price of £1.25 billion has been reduced below £ 1 billion and rumors indicate a revised valuation of £ 800 – 750 million. Reed Elsevier counted on a top valuation to pay for the ChoicePoint acquisition which was financed with short term debt. The reduced value of the Pound Sterling does not help here either. Source: PASSWORD Germany

BIIA Newsletter October 2008

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.