- The McGraw-Hill Companies (NYSE: MHP) confirmed it has signed an agreed to sell BusinessWeek to Bloomberg L.P.
The transaction is expected to close during the fourth quarter of 2009. Terms of the agreement were not disclosed.
Daniel L. Doctoroff, president of Bloomberg L.P, said "BusinessWeek helps better serve our customers by reaching into the corporate suite and corridors of power in government, where news that affects markets and business is made by CEOs, CFOs, deal lawyers, bankers and government officials...
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