U.K.-based media group UBM plc announced that it has received a binding offer from private equity firm Electra Partners LLP to purchase UBM’s Data Services business portfolio for US$251 million.

According to UBM, its data services segment also includes health, technology and IP, trade & transport, and paper business units – which generated revenue of US$298 million in 2011 and US$281 million in 2012.

Source:  Business Strategies Group Hong Kong  –  www.bsgasia.com