Private Frazer’s Doomed Magazines

September 5, 2008

Going down (part 2)

Filed under: B2B magazines,Recession — privatefraser @ 8:32 am

From this morning’s Grauniad and FT

“Informa turned down a £1.9bn offer last night from the private-equity groups Providence Equity, Carlyle and Blackstone. The consortium pitched its bid at 450p a share, below the 506p submitted in June as an indicative bid.” (emphasis added)

As with the RBI second round bids, the longer a sales process goes on, the more the value of publishing companies is reduced.

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