The Bookseller.com

9th January 2009

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Apax could bid for Reed magazines

22.02.08

Apax Partners is considering making an offer for Reed Business Information, the £1.25bn company behind New Scientist and Publishers Weekly, reports the Times. The news followed the announcement that Reed Business Information's parent company, Reed Elsevier, is planning to sell off the publisher.

Apax, the private equity group, which owns the business-to-business publisher Incisive and recently paid £1bn for Emap's business-to-business assets, in partnership with Guardian Media Group, is well-positioned to acquire the publisher.

Shares in Reed rose 43.5p, closing at 627.5p, on the news.

The Times

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