The Significance of the BNA Purchase
Bloomberg announced this morning that it was acquiring the legal publisher, BNA for $990,000,000.
Bloomberg will acquire all 25,116,830 outstanding shares of BNA for $39.50 per share in cash for a total purchase price of approximately $990 million.
It is a key development in Bloomberg’s strategy to challenge Thomson West and Reed Elsevier in the lucrative legal information market.
Normally, prices aren’t given so this one is revealing – the . . . [more]


