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McGraw Hill eyes Reed's business titles
The American publishing giant publisher McGraw Hill and private equity firms Bain and TPG are among two dozen companies that have expressed an interest in acquiring Reed Elsevier's £1.25bn trade magazine division, reports the Telegraph.
The sale of Reed Business Information (RBI), whose titles include film industry bible Variety, Publishers Weekly and New Scientist, began last week when information was sent to prospective bidders. If RBI fetches the asking price, it would be the biggest media takeover since the sale of Emap at the end of last year.
Reed, which wants to pull out of advertising-dependent media, is offering to lend around £160m to the successful bidder.
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