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