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Uncertain times.(Reed Elsevier acquisition of ChoicePoint)(Brief article)
Byline: Peter Williams
Uncertain times
The shake-up at Reed Elsevier will have big repercussions for the information industry. As we report on our front page, the company is undertaking its biggest re-engineering exercise in a decade. It has announced that is acquiring US risk management and data collection company ChoicePoint for [pounds sterling]2.1bn and disposing of its trade magazine titles, which makes clear its strategy: Reed Elsevier is now concentrating on becoming an online provider of information-rich content.
It can hardly be a coincidence that the announcement of the Reed Elsevier shake-up came in the week that regulators in the US, Europe and Canada had all given their blessing to the $15.8bn acquisition of Reuters by Thomson. The approval came after horse-trading on a handful of databases in order to ensure adequate competition in key markets. That deal should now be finalised in mid-April.
One of the key elements of Reed Elsevier's moves is a new determination to keep up with its big rival. The positive City ...
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Source: HighBeam Research, Uncertain times.(Reed Elsevier acquisition of ChoicePoint)(Brief...