Donnerstag, November 02, 2006

Wasserstein Acquires Penton for $530 Million, Will Merge With Prism

"Penton Media, the once troubled trade publisher, has been sold to Wasserstein & Co., and will be merged with Prism Business Media, creating a new b-to-b giant, with revenue nearing $500 million.

The sale price was put at $194.2 million, plus assumption and payment of debt, putting the total value of the deal at $530 million, according to a statement from Penton released this morning ... "

More from Folio:

Press release Penton Media (2-Nov-2006)