Bloomberg Shows Interest in BusinessWeek

NEW YORK (TheStreet) -- Bloomberg LP is back to considering a bid for BusinessWeek and may meet with executives of the McGraw-Hill (MHP Quote) magazine next week to gather more information, BusinessWeek reports on its Web site.

Final bids for the news magazine are due Tuesday, Sept. 15.

Bloomberg previously passed on BusinessWeek, following talks that were held much earlier, reports BusinessWeek media columnist Jon Fine, who added that it isn't clear what drew Bloomberg back into the process. Fine's report cited several sources familiar with the situation.

Spokespeople at Bloomberg and McGraw-Hill declined to comment.

At least 10 companies, including Bloomberg, have taken part in management presentations in which buyers get more detailed information on the magazine's operations. Fine reports that among those parties Bruce Wasserstein, CEO of Lazard(LAZ Quote), ZelnickMedia and private-equity firm Opengate still remain interested in BusinessWeek.

McGraw-Hill said in July it was putting the magazine up for sale.

-- Reported by Joseph Woelfel in New York .

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