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Guest Business Sale Report Member Sun, 12 Oct, 2008

UK Businesses For Sale

Two British publishing firms consider a merger
09/06/2008

Publishing group, United Business Media (UBM), and conference organiser and publisher, Informa, are involved in talks that may lead to the creation of a £3bn media giant.

Informa is considering the proposal for a merger and discussions are at an early stage with UBM.

It is understood that UBM and Informa are confident about the potential merger. A tie-up would create an international powerhouse. It has been suggested that the synergy would make good strategic sense as the businesses are very similar.

The media sector, which has been hit by reduced consumer spending and a slowdown in the economy, is prompting media companies to consolidate.

It is thought the merger plans are likely to attract rival bids for Informa from other companies, despite banks being less willing to lend money for deals in the current economic environment.

UBM has more than 5,000 staff and has a presence in 30 countries including China, India and Brazil. The publisher produces trade magazines, newspapers and websites.

UK-based Informa is established in the Middle East, Dubai and Singapore. It also organises exhibitions and conferences.

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