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Bertelsmann bids for Thomson Learning
Media group Bertelsmann has teamed up with private equity partners to consider a bid for college textbook publisher Thomson Learning, reports the FT. Thomson Corporation is touting the business for an estimated $5bn (£2.5bn).
"Insiders told the Financial Times that the media group had teamed up with three private equity groups to bid for Thomson Learning. The company is one of the first targets Bertelsmann has identified for a investment joint venture designed to secure Europe's largest media group a foothold in new sectors and boost its presence in the US and Asia."
Bertelsmann, owner Random House books, yesterday hailed the creation of a €1bn (£680m) "equity fund" as heralding a new growth phase for the business.
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