Springer Science + Business Media to Be Sold
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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.