Bloomberg, the financial information company, on Tuesday won the auction for Business Week with an offer between $2m and $5m for the US financial magazine. The deal to buy the journal from McGraw-Hill came as Thomson Reuters, Bloomberg’s rival in data terminals, was finalising a takeover of Breakingviews.com, a UK-based financial commentary website. Bid details could be revealed on Wednesday.

This entry was posted by Gwen Robinson on Wednesday, October 14th, 2009 at 4:40 and is filed under Capital markets, M&A. Tagged with bloomberg, Breakingviewscom, McGraw-Hill, Thomson Reuters. Edit this entry.