Bloomberg Shows Interest in BusinessWeek
NEW YORK (
) --
Bloomberg LP
is back to considering a bid for
BusinessWeek
and may meet with executives of the
McGraw-Hill
(MHP)
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) - Get Report
,
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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