Friday, August 26, 2011

BNA Acquired by Bloomberg

Bloomberg paid close to $1 billion, which according to the WSJ , BNA which reported earnings of approximately $30 million, which makes it a valuation of 33x earnings. I like BNA and its content, but 33x earnings sounds excessive.

http://online.wsj.com/article/SB10001424053111904875404576530360155153874.html

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