Bloomberg acquires BusinessWeek

Posted by netizen on October 14, 2009 · Leave a Comment 

As expected, Bloomberg, the global financial news and data provider, has won the bidding for BusinessWeek. Terms of the agreement were not disclosed, but reports say the company is paying up to $5 million and that it has agreed to assume liabilities, including potential severance payments. “The acquisition of BusinessWeek will strengthen Bloomberg’s online, television and mobile products,” said Peter Grauer, chairman of Bloomberg, in a statement. “Together, the BusinessWeek.com financial news... Source: Daily Contributor

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