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BtoB

Bloomberg reports bids for Reed Business Information have declined

Published on .

New York—Bloomberg has reported that bids for Reed Business Information RBI, which publishes Variety among other trade publications, “have fallen to about $1.7 billion from $2.3 billion in August as banks struggle to arrange financing and the economy slows.” The Bloomberg report said the latest bids ranged from $1.5 billion to $1.8 billion.
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