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Pearson "considering" a bid for Harry Potter publisher Bloomsbury is the Times' 'Rumour of the day'.
According to the newspaper: "[Bloomsbury] experienced unusually strong volume on Tuesday amid talk that Pearson, the owner of Penguin, a rival, was considering a bid. Pearson could afford Bloomsbury’s diminished £100 million value, but sources believe that it has other acquisition targets for its £580 million cash pile."
Bloomsbury's share price rose ½p to 128p. Penguin, Pearson's trade publishing subsidiary, announced 100 job cuts this week, amid a wider restructuring of the unit.