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Report: Reed Business Information sale ‘struggling’

Published on .

London—The Times of London is reporting that Reed Elsevier’s attempts to sell Reed Business Information appear to be “struggling.”

No bids are close to the $2.24 billion asking price, according to the newspaper.

“One bidder to have made it through to the second round has indicated its bid was nowhere near [$1.79 billion], and there is talk the unit may be worth as little as [$1.43 billion],” according to the story.

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