Springer Science + Business Media to Be Sold

Dow Jones Newswires reported today that "Swedish buyout firm EQT is set to buy Germany's Springer Science and Business Media within the next few days after several months of talks, a person familiar with the situation, told Dow Jones Newswires Wednesday." According to Dow Jones, Springer's equity is valued at EUR100 million to EUR150 million [$147 million to $220.6 million], and "EQT is also taking on Springer's debt of EUR2.2 billion."

View the Dow Jones article here.