News Brief
VNU Liquidates Assets, May Have Eye On Arbitron
Sep 27, 2004, 12:00 AM
VNU, the Dutch parent of Nielsen Media Research and publishers of trade magazines like Adweek, Billboard and The Hollywood Reporter Monday announced plans to sell its World Directories Group to an investment group directed by Ajax Partners Worldwide and Cinven Ltd. for $2.545 million. Financial news service Reuters reported that the figure was in the billions and quoted unnamed analysts as speculating that the move might be a prelude to new acquisitions, including a potential deal to acquire radio ratings giant Arbitron.
"The transaction allows us to focus on our high-growth core marketing, media measurement and business information activities," stated Rob van den Bergh, chairman-CEO of VNU.
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