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Silicon Valley Sleuth switches ownership
VNU has sold its European publishing business and trade show business including vnunet.com and this blog to 3i, a private equity fund.
Although it isn't yet clear what strategy 3i has for the company, the transaction ends a period of uncertainty about our ownership. I don't know anything beyond what was in today's press release, other than that we look forward to continue to grow our traffic and serve our readers.
The Financial Times broke the news on Friday, but today's press release didn't bring a confirmation of the alleged 320 euro acquisition sum that the FT cited. The companies are also still discussing a possible acquisition of VNU's publications and trade shows in France.
technorati tags: silicon+valley+sleuth, SVS, VNU, acquisition, 3i
December 18, 2006 at 07:52 PM | Permalink
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