Update 22July, 2008 Bertelsmann in race for Reed Business information

Bertelsmann through Grunner un Jahr has shown interest in acquiring Reed Business Information division from Reed Elsevier, according to the Süddeutsche Zeitung. The bidding process has started with interest from capitl investment companies such as Bain Capital, but also from publishers like McGraw Hill. The take over amount is likely to be over 1 billion euro.