Bertelsmann may be selling its entire Direct Group; Morgan Stanley is trying to broker the sale of US holdings already.
Some may remember that Bertelsmann bought half of the book portion of the US business from Time Warner last year, and laid off 400 people in Pennsylvania and 280 in New York. Forbes, at the time, estimated the sale cost Bertelsmann a sum in "the lower hundreds of millions of US dollars."
1 comment:
I am wondering if you got a blessing in disguise.
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