Bloomberg Media Makes First Acquisition in 10 Years, Secures CityLab From The Atlantic

The brand will continue to operate as a standalone entity

Another media acquisition is afoot. Bloomberg Media intends to purchase CityLab, a brand from The Atlantic that was created in 2011 as a standalone website devoted to covering cities and how they are innovating for the future.

The transaction is expected to close by the end of the year, and financial terms of the arrangement were not made public. It’s also the first acquisition the publisher has made since it acquired BusinessWeek in 2009 from McGraw-Hill for a reported $5 million.

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