Dow Jones Buys Alternative Investor Group for $85 Million

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Dow Jones has made its biggest play yet in the B2B information market…it has bought out the Alternative Investor Group, part of the Wicks Business Information, for a cash purchase price of $85 million. Dow Jones will acquire its
databases, newsletters and conferences for the venture-capital and private-equity markets. The purchase price could potentially be increased by $5 million, payable in 2008, if performance in 2007 exceeds currently projected 2007 levels.

AIG operates five databases including Venture Source; four newsletters and other publications, including Private Equity Analyst; and industry conferences for the VC and private capital markets. It earned $9.5 million last year on revenue of $23.1 million.

Alternative Investor will be integrated within Dow Jones Newsletters division, which also includes the recently acquired Technologic Partners business that also serves the venture-capital and private-equity markets with its VentureWire newswire and conferences.

Conference call details: “Dow Jones Newswires: Significant contraction among its key customers..it is trying to expand beyond brokerage firms in U.S., its major market. Domestic user base fell 29 percent and revenues fell 19 percent..we need to find new sources of revenues…”

Related:

Venture Reporter Bought Out

Dow Jones Buys VentureWire

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