Reed Elsevier finally begins the bidding for the right to buy Reed Business Information (parent company of Publishers Weekly, Variety and many other publications) and, reports the Telegraph, up to a dozen offers have come in for the first round. Most of those believed to be vying for the whole division or for parts of RBI are private equity firms like TPG and DLJ Merchant Banking, Cinven and Candover, Bain, Apollo Management and Providence Equity Partners, while McGraw-Hill has teamed up with Advent and Quadrangle for a joint bid. The WSJ says that with “many of the 12 or so […]