Bandt.au reports that Reed Elsevier has confirmed it is in negotiations with a buyer for its Australian arm,
Reed Business Information (RBI).
Here's what they say........ so as raised earlier in the year is legal publishing going to go the same way ?
http://www.bandt.com.au/news/media/reed-in-talks-with-private-equity-on-sale
The company, which counts B&T, Australian Doctor, Lawyer?s Weekly and Money Management among its stable,
is Australia?s largest business to business publisher.
A sale process was announced in March as Reed Elsevier looks to focus on data and move away from publishing,
and has been ongoing with a number of interested parties, but has taken a while because of the complex nature of
the business.
Reed Australia also owns HotFrog and Catch, which handle directories and search engine optimisation between
them.
The buyer is understood to be a private equity firm, but no more details are being made public at this stage by either
party.
