June 18, 2008

Media Merger Talks Collapse

A pounds 3bn tie-up between two rival media companies looked off the cards last night after merger talks ended.

United Business Media was in discussions over an all-share deal with conference organiser and publisher Informa, which would have propelled the firm into the FTSE 100.

But UBM said it had reluctantly ended the talks after failing to gain a good enough deal for its shareholders.

The company said: "UBM remains of the view that a merged company could deliver significant benefits to both UBM and Informa shareholders, provide enhanced services to its customers, and could become the employer of choice in the global business media market.

"However, the board has been unable to agree terms with Informa."

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