Bertelsmann Still Looking for Education Buy In conversations following their earnings release yesterday, Bertelsmann cfo Thomas Rabe reiterated the company’s interest in buying its way into the education publishing business. They were outbid in the competition for Thomson Learning, and Rabe says their joint offer was 25 percent less than what Apax and its partners paid. He indicated that the company expects to have between 1 billion and 1.5 billion euros for new acquisitions annually. Reuters More from Borders Management, Too SeekingAlpha has just posted the transcript from the conference call following Borders’ earnings release last week. CEO George Jones […]
