Bloomberg To Scoop Up BusinessWeek
Terms of the deal were not disclosed, but BusinessWeek reported that Bloomberg's cash offer is between $2 million and $5 million, citing knowledgeable sources. Bloomberg has also agreed to take on BusinessWeek's liabilities, and potential severance payments, the magazine reported.
BusinessWeek's magazine and Web site have a staff of more than 400, and there's no word yet on whether cuts are...
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