The impending sale of Springer Science & Business Media, announced last fall, has been delayed indefinitely by Swedish private equity group EQT Partners, Bloomberg reports, after potential buyers “balked at the asking price” of between 3 billion and 4 billion euros. (EQT enlisted JP Morgan and Goldman Sachs to solicit potential buyers.) When EQT bought Springer in tandem with the Government of Singapore in 2009, the company was valued at 2.3 billion euros. An auction scheduled for this month has been postponed, as have IPO preparations. Oxford University Press has acquired vocational teaching resource publisher Nelson Thornes from Infinitas Learning […]
