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Bertelsmann expects acquisition
Bertelsmann, Europe's largest media group, said on Tuesday it was keen to target acquisitions in education publishing as it posted a first-half loss due largely to litigation costs, reports Reuters.
Bertelsmann chief financial officer Thomas Rabe said the company should be in a position to make significant acquisitions from next year and said it will have between 1 billion euros ($1.4bn) and 1.5 billion to buy new businesses annually.
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