VNU confirms sale talks, updates financial outlook

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New York—Media company VNU last week confirmed in a financial statement that it has received “expressions of interest from various parties regarding a possible acquisition of the company” and said its executives and supervisory boards are evaluating this possibility. The statement came less than a month after VNU’s proposed acquisition of IMS Health collapsed in the face of shareholder opposition, sparking the resignation of CEO Rob van den Bergh and rampant speculation that the company was now ripe for a takeover. VNU updated its financial outlook for the rest of 2005, which is in line with its previously strong outlook for the year. Overall revenues are expected to rise 5% to 6%, driven by double-digit gains in its Media & Measurement & Information group, which includes Nielsen Media Research.
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