Today’s FT: Valuations for media publisher Reed Business Information have fallen substantially amid the economic downturn and threaten to derail [the] sale. Third-round bidders are considering offers below £1bn ($1.63bn), against RBI’s initial valuation of about £1.25bn.
My original bid is still on the table, Crispin. You’ve got the email address.
Private Frazer's Doomed Magazines 
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