RBI to be divested by Reed Elsevier

RBI logoWell, a rather interesting mood in the office this morning.

As Press Gazette is reporting, Reed Business Information is officially for sale. We no longer fit with Reed Elsevier’s business model. So, RBI is for sale.

Quite what this means in the long term? No idea. For now, it’s business as usual…

Update: One of my colleagues from Flight has posted about the news on Unusual Attitude.

Update 2: Another colleague describes how she discovered the news:

A bright crisp dawn was breaking as I took my seat on the early London
train today to catch the opening of the ICIS Base Oils conference,
switched on my Blackberry and read that our parent company was selling
us off.

  • Oh well, at least the share price went up so – at the risk of starting a stock exchange panic – I”m selling mine tomorrow now that I know I no longer “fit” into Reed Elsevier.

    Actually I was on a course when it happened and the 12 of us had a whip-round and raised £120 so we’re going to go for a management buy-out. Wanna come in?

    Will we keep the “Reed” name, do you think? It as ours originally, after all. I think.

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