UH Law Library's Blog

August 29, 2011

Bloomberg Buys BNA

Filed under: Bloomberg Law, BNA, Electronic Resources — uhlawlibrary @ 8:36 am

From beSpacific:

via Bloomberg: “Bloomberg LP, the closely held news and financial information provider, agreed to buy The Bureau of National Affairs Inc. for about $990 million to add legal, tax and regulatory research and analysis. BNA shareholders, who are current and former employees, will get $39.50 a share in cash in a transaction that is projected to be completed this year, New York-based Bloomberg said in a statement. The deal is part of Bloomberg’s expansion into new businesses to add products to the company’s terminal, a data hub used by traders and executives, and add to new titles for its news group. In 2009, Bloomberg acquired Businessweek magazine and New Energy Finance, which provides analysis on clean energy sources. BNA, which publishes the Daily Labor Report and U.S. Law Week, will “significantly grow Bloomberg’s presence in Washington” and its research will contribute to coverage and analysis of employment, health care, labor, accounting, intellectual property and telecommunications, Bloomberg said.”

via BNA: Bloomberg Enters Agreement to Acquire BNA – “The acquisition would significantly grow Bloomberg’s presence in the Washington, DC area through its multiple operating units, Bloomberg News, Bloomberg Government, Bloomberg Law and BNA — which would work together to provide unparalleled coverage and analysis of U.S. policy and regulatory issues for customers.”

Questions and Answers Related to Bloomberg’s Acquisition of BNA.

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