Bloomberg To Acquire Legal Research Publisher BNA For $990 Million

NEW YORK -- Financial data and news company Bloomberg LP said Thursday that it will pay $990 million for BNA, a publisher of legal, tax and regulatory information.

Bloomberg said it will acquire all outstanding shares of The Bureau of National Affairs Inc., which is owned by its current and former employees. Bloomberg is paying $39.50 per share in cash. The deal is expected to be completed this year.

Bloomberg said the purchase will enhance its coverage of tax, labor, health care and intellectual property issues. Bloomberg said BNA will work with its other subsidiaries in Washington to provide coverage of U.S. regulatory issues.

Bloomberg's other units in Washington include Bloomberg News, Bloomberg Government and Bloomberg Law. BNA's publications include Daily Labor Report, U.S. Law Week and Daily Report for Executives.

Bloomberg said it doesn't anticipate any layoffs as a result of the deal in the short term, but a "gradual, modest consolidation" is anticipated over the long run. Customers will be updated of any product changes once the transaction is complete, the company said.

Bloomberg is a private company founded by New York Mayor Michael Bloomberg.

BNA, based in Arlington, Va., was founded in 1929 and provides information primarily to law and accounting firms.

Comments

[james rimes]

06:27 AM on 08/26/2011

intellectual property issues...I'm Worried

[SitandStay]

04:06 PM on 08/25/2011

And thank you wealthy, privilged people that r@pe the system here while you invest in other countries. YOU REALLY NEED TO MOVE THERE AND NEVER COME BACK HERE.
Go hide your riches in endowments of universities in other countries, tax havens you have to fly to because they use watery or political moats to prosper from our criminal elite. Move there! Move there! Move there! Close out your "checking accounts" at Tiffany's like Newt.
When I see a Newt, a Romney, a Jeb, a Rick Scott filling in a pothole in a south Georgia road in July, then I'll think he is earning his money, but not until then.
Harvard, Yale and Princeton are nothing more than brothels.....and it's too bad we have no word that doesn't demean the female gender....what is a male brothel.....CONGRESS, SCOTUS, GOP....but saying that just makes them proud.

[SitandStay]

03:55 PM on 08/25/2011

America is dead. I hope it does not rest in peace.
It deserved to die. It refused to progress or grow beyond the cowboy, winner-take-all mentality.
The great chest pounding of hailing itself as such a hero over the demise of a dictator 70 years ago has been used to the point that it is thin as a tissue flapping in a 90 mile an hour, icy wind.
This country is a lie and I can only be glad my parents aren't here to suffer this great stupidity.
It is now the great svcker state.
America WAS the dollar and now the dollar has died. Thank you Tea-Party screamers. Thank you hardened, uneducated-on-facts-that-matter Republicans. You will be consuming yourselves shortly.