Elsevier Must Divest For $4B ChoicePoint Deal: FTC

Law360, New York (September 17, 2008, 12:00 AM EDT) -- The U.S. Federal Trade Commission has approved Reed Elsevier's $4.1 billion acquisition of ChoicePoint Inc., but is forcing the sale of ChoicePoint’s AutoTrackXP and Consolidated Lead Evaluation and Reporting electronic public records services assets to Thomson Reuters Legal Inc.

The FTC, which filed its complaint and consent agreement Tuesday, said that without the divestiture the combined company would have controlled more than 80 percent of the $60 million U.S. market for the sale of electronic public records services to law enforcement officials.

Currently, Reed Elsevier's LexisNexis...
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