BtoB

Report: Wasserstein set to acquire Cygnus Business Media

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New York—Wasserstein & Co. is set to acquire Cygnus Business Media from ABRY Partners, according to media reports. The deal would take place in a slow period for b-to-b media mergers and acquisitions activity.

Industry sources say that while the deal appears to be close to realization, the credit market remains difficult and may yet derail an acquisition agreement.

—Sean Callahan

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