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Informa worth less than acquisitions
01.01.70 | Katie Allen
Specialist publisher Informa is worth less than the acquisitions it made over the past three years, according to a Guardian blog.
Informa bought American conference business IIR Holdings for $1.4bn (£1.2bn) in 2005 and Datamonitor for £502m in 2007. Informa's market cap itself is now worth little more than £800m.
Big deals were often made between 2002 and 2007, when prices were driven up by hungry, cash-rich private equity firms. Earlier this month, News Corp was forced to write down the value of its investment in the German media company Premiere by something approaching $400m (£267m), having acquired a 22% stake in the business just seven months ago.