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Bloomsbury looks for bigger targets

Harry Potter publisher Bloomsbury said it was looking for bigger acquisitions in its three core markets over the coming year, reports Reuters. "We have made 10 already and we are looking for further and bigger acquisitions that complete our core strengths in either adults, childrens' or reference publishing," Bloomsbury chairman Nigel Newton told Reuters in an interview.

Any new deals would most likely occur in the company's core markets of the UK, Germany and the US, he added, with funding depending on the nature and size of the businesses involved. His comments came after the company unveiled its full-year results showing a sharp fall in 2006 pretax profit.

Reuters

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