Private Frazer’s Doomed Magazines

September 17, 2008

Down, down, down

Filed under: Uncategorized — privatefraser @ 9:08 am
Tags: ,

More on RBI, this from The Times

[The] sale of Reed … appears to be struggling, with no bids close to the mooted £1.25 billion price. One bidder to have made it through to the second round has indicated its bid was nowhere near £1 billion and there is talk the unit may be worth as little as £800 million.

If the process drags on much further my original bid of half a crown and a nuttals minto may be the most generous – and I’m starting to have second thoughts about the minto.

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