Consortium raises buyout price for VNU

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Haarlem, the Netherlands—A consortium of private equity firms Thursday increased to $11 billion its offer to buy Dutch media giant VNU. The move came several weeks after two influential shareholders rejected the previous offer of $10.3 billion, which had been raised from the original bid of about $9 billion. VNU, which put itself on the block late last year after its failed attempt to acquire health care research company IMS Health, owns Nielsen Media Research and a sizable portfolio of b-to-b trade titles, including Billboard, Hollywood Reporter, National Jeweler and Sales & Marketing Management. The members of the consortium, known as Valcon Acquisition, are: AlpInvest Partners, Blackstone Group, Carlyle Group, Hellman & Friedman, Kohlberg Kravis Roberts & Co. and Thomas H. Lee Partners.

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