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What's really intriguing is that Apax is a Private Equity company known for helping management teams buy themselves out, suggesting this may not be much of a surprise acquisition to Mr. Crow.
UBD has two quite different businesses in CMP and PRN, so this "divestiture" probably makes sense both for the shareholders and the brands. PRN is facing more significant competition between free news release services at the low end, and Berkshire's investment in BusinessWire and the DJ investments in Factiva on the high end.
Posted by: Edward O'Meara | November 28, 2006 8:30 AM | Permalink to Comment