Bloomberg LP Acquires BNA for $990 Million
Bloomberg LP just announced that it will be acquiring the Bureau of National Affairs (BNA), a news service publisher that covers labor law, employee benefits, litigation items, tax information, and much more, for $990 million. As part of the deal, BNA would become a stand alone subsidiary of Bloomberg.
The acquisition means good things for Bloomberg’s audience. “BNA’s employees have built a superior franchise and we are enthusiastic about a Bloomberg-BNA combination that will deliver more premium content to our professional audiences,” explained Dan Doctoroff, CEO and President of Bloomberg.
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