Reed sells U.K. version of ‘Travel Weekly’

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London—Reed Elsevier's Reed Business Information announced it has agreed to sell its travel publishing division, which includes the U.K. version of Travel Weekly, to entrepreneur Clive Jacobs, the founder of Holiday Autos.

Financial terms of the deal, which is expected to close in August, were not disclosed.

Reed Elsevier abandoned its effort to sell its Reed Business Information unit as a whole late last year.

The U.S. version of Travel Weekly is published by Northstar Travel Media.

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