Reed Elsevier PLC
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It took 10 months to shake out, but Reed Elsevier’s auction of Reed Business Information ended in December with Reed taking the b-to-b publisher off the block. As one M&A executive put it: “What this decision means is that for all practical purposes, the [big] media M&A market is closed until further notice.”read more
Another busy week for us: our own Staci D. Kramer and David Kaplan covered UBS Media Week and there was another slew of layoffs. We also had our second LA Year-End Review and Mixer, so be sure to check out our west coast correspondent Tameka Kee's coverage.
- BBC
- British Broadcasting Corporation
- broadband
- David Kaplan
- Federal Communications Commission
- Kevin Martin Of Abusing
- Mark Logic Digital
- Reed Elsevier
- Reed Elsevier PLC
- Staci D. Kramer
- Tameka Kee
- UBS
- UBS Mutual Funds Securities Trust: UBS Enhanced Nasdaq-100 Fund
- United Kingdom
- Vodafone
- Vodafone Group Plc
- West Coast
- White House
In the 10 months since London-based Reed Elsevier first announced its intention to divest its b-to-b publishing arm Reed Business Information, the ensuing sale process evolved into a bellwether for media deals in a brutal economy.read more
-Reed Elsevier is canceling a planned sale of its magazine unit, which contains Variety and Publishers Weekly after cutting the price from $2 billion to $1 billion failed to entice buyers. [NYP]
So now that the closely-watched auction process for Reed Business is off, what's the post-mortem, and what are the next steps?
Today's news that Reed Elsevier's proposed auction of B2B division Reed Business Information has failed comes after months of behind-the-scenes negotiating, departures and optimistic predictions from the publisher. The next installment in the tale is likely to be the restructuring of RBI and—eventually—another invitation to anyone that might be interested to make a bid for it. Until then, here's our history of the sale process in links going back to February.
Blaming down global markets, London-based Reed Elsevier today said it has dropped discussions with potential bidders for Reed Business Information, its b-to-b publishing arm.
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The verdict is in and the answer is: no sale. Reed Elsevier (NYSE: RUK) has announced that its torturous, nine-month campaign to sell the B2B magazine division is over.
Boston-based private equity group Bain Capital is said to be the frontrunner in Reed Elsevier’s auction of Reed Business Information.read more
