Posts tagged with 'Business Exchange'
Times are tough for many magazines these days. BusinessWeek knows that
first-hand. The weekly business magazine will reportedly lose some $40m
this year.
But after a long bidding process, it has found a knight in shining armor:
Bloomberg LP. The privately-held financial software, data and news
company is acquiring BusinessWeek for an undisclosed sum rumored to be
in the range of $2-$5m (yes you read that right, million). It will
also take on BusinessWeek's liabilities, which could far exceed that
amount.
Read more...
by Patricio Robles
14 October 2009 10:01am
1 comment
