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BtoB

UBM to sell Pyramid Research

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London—Progressive Digital Media Group, a b-to-b media and information company, has agreed to acquire Boston-based Pyramid Research from UBM Tech for $3.3 million in cash. The deal is expected to close Jan. 2. Pyramid, which was purchased by UBM Tech in August 2008 for $8 million, is a subscription-based provider of primary research and analysis in the global converged communications, media and technology industries.
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