Thursday, November 15, 2012

Reuters: Technology News: Exclusive: Dun & Bradstreet won't sell itself now - sources

Reuters: Technology News
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Exclusive: Dun & Bradstreet won't sell itself now - sources
Nov 15th 2012, 21:37

NEW YORK | Thu Nov 15, 2012 3:36pm EST

NEW YORK (Reuters) - Dun & Bradstreet Corp, the owner of company database Hoover's, is not pursuing a sale for now, after efforts to sell itself to a rival failed over price earlier this year, four people familiar with the matter said this week.

The company, which makes money through subscriptions and licensing agreements, had been working with Credit Suisse and JPMorgan Chase to explore a sale, sources said in late July.

One of the sources said that Dun & Bradstreet, which has a market value of around $3.6 billion, is still seen as a potential takeover target for private equity firms and could revive efforts to sell itself in the future.

The people asked not to be identified because the matter is not public. Dun & Bradstreet did not respond to requests for comment. Credit Suisse and JPMorgan declined to comment.

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