BusinessWeek Sale Seen Heating Up, Price May Be Around $35-40 Million

09/14/2009 05:12 am ET | Updated May 25, 2011
  • WWD

Media observers are speculating a deal for McGraw-Hill Cos. to sell BusinessWeek could be put together within the next few months. So far, OpenGate Capital, owners of TV Guide, and Warburg Pincus are said to interested, as are Bruce Wasserstein, owner of New York Magazine; Platinum Equity, and Mansueto Ventures, owners of Fast Company. ... Sources say the asking price could be around $35 million to $40 million, plus perhaps the assumption of debt and other obligations.

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