Emap: Sell-Off Moves Into Second Round
By Ingrid Lunden - Fri 12 Oct 2007 05:15 PM PST
From our sister site paidContent:UK: A group of private equity houses and rival media companies have made it through to the second round of bidding for the assets of UK publishers Emap, which has said it wants to sell itself off in three parts: consumer publishing, B2B and radio. “Defying market conditions...at least five bidders for each division have made it through to the next stage,” reports The Times. Emap (LSE: EMA) would like the sales to be completed by the end of this year, but if financing proves a problem it would consider spinning off different divisions. The sales are being handled by Citigroup and Lazar. Details on bidders and prices at PC:UK.
Posted in: Countries, UK & Europe, Media, Magazines, VC+M&A
