LOL @ People Still Buying Magazines
 

"Bain Capital, a US-based private equity fund, is leading the chase for Reed Business International, a unit of publisher Reed Elsevier that houses titles such as New Scientist, Variety and Estates Gazette. According to reports, Bain Capital is favourite to win RBI, which has an expected value of approximately US$1bn, although Reed Elsevier management is understood to be unhappy with some conditions of the bid, including an earn-out structure that ties key personnel into the business in the long-term." [peHUB]

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