Reed Buys News Corp. Divisions: Reed International...
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Reed Buys News Corp. Divisions: Reed International said it has agreed to buy the worldwide travel and electronic publishing divisions of Rupert Murdoch’s News Corp. for $825 million in cash. Reed, a London-based publisher of travel information in Asia and Europe through its ABC International subsidiary, said the acquisition, subject to shareholder approval, would give it a stake in the fast-growing U.S. travel market.
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