Lachlan Murdoch’s Illyria is poised to announce the purchase of most of Nielsen Business Media, publisher of the Hollywood Reporter, by as early as Thursday, reports Bloomberg. Murdoch, 38, is joining with US-based Pluribus Capital Management in bidding for assets of the unit of Nielsen, said people close to the deal. Nielsen was seeking $70m, Advertising Age reported Nov 25. Illyria last month agreed to buy 50% of DMGT’s radio network in Australia.

This entry was posted by Gwen Robinson on Thursday, December 10th, 2009 at 4:45 and is filed under Capital markets, M&A, People, Private equity. Tagged with Illyria, lachlan murdoch, Pluribus. Edit this entry.