The bidding for the b2b arm of Reed Elsevier, Reed Business Information, has moved into its third round with four of the original eight bidders expected to go through, reports The Financial Times.
The length of the third round depends on whether bidders can raise finance in the current economic climate, which last week saw the private equity consortium consisting of Providence Equity Partners, Carlyle Group and Blackstone Group withdraw its offer of B2B publisher Informa.
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