The RBI sale could soon be over, reports PaidContent:UK – ‘it looks like Reed Elsevier will either get less than it hoped or pull the sale altogether.’
Bertelsmann has emerged as a potential buyer for Reed Elsevier’s B2B magazine arm, Reed Business Information.
A buyer for Reed Elsevier’s B2B publishing arm RBI is expected to be announced in October, a memo from Marianne van Leeuwen, the chief executive of Reed’s Dutch operations, has said.
Internal and external candidate are being considered in preparation for Sir Crispin’s departure next year.
The blog introduced itself as follows:
“What happens when your division is divested (sold)? What will it mean to me? What is the process? How can I prepare myself? That’s the topic of this blog, focussing on the Reed Elsevier sale of Reed Business.”
A post on May 2 said the blog was attracting attention from the company:
“Rumour has it that RE and RBI board members have visited DivestmentWatch, and it has even come up during chats with the bankers (UBS) and the consultants (PWC) so it’s nice to know that there are some people interested and hopefully listening.
“DivestmentWatch has had 5000+ unique visitors so far, and averages about 150 to 200 a day, with a regular core readership of about 50-60 (thanks for your support!). I hope that it has helped you in some way.”
Can anyone shed light on why the blog has been removed?