03.06.2016 08:11:33
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UBM To Divest Its Electronics Media Portfolio For $23.5 Mln - Quick Facts
(RTTNews) - UBM plc (UBM.L) said that it has reached agreement to divest its electronics media portfolio to an affiliate of Arrow Electronics Inc. for a cash consideration of $23.5 million.
The portfolio comprises the US and Asian versions of EE Times, EDN, ESM, Embedded, EBN, TechOnline and Datasheets.com. In 2015 these assets generated revenues of $19 million - $16 million online and $3 million print. The sale is subject to customary closing conditions and regulatory clearance in China.
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