Acquisitions: Bloomberg is Buying BNA for $990 Million
Bloomberg LP has agreed to acquire Arlington-based research and analysis reports publisher BNA in a deal worth $990 million.
BNA is owned by current and former employees. Bloomberg will acquire all outstanding shares of BNA for $39.50 per share in cash. The acquisition is expected to close this year, Bloomberg said.
The acquisition will significantly grow Bloomberg’s presence in Washington, whose Bloomberg News, Bloomberg Government and Bloomberg Law divisions already have a presence here.
See Also: Official Press Release (PDF)
About Gary Price
Gary Price (email@example.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.