RBI Sale Nearing End Game; Will Either Pick Winner Or Yank Sell-Off In Coming Weeks: Report

We could be approaching the end of the Reed Business Information sell-off saga – and it looks like Reed Elsevier (NYSE: RUK) will either get less than it hoped or pull the sale altogether. Bloomberg, citing two unnamed sources claiming knowledge of the sale process, reports offers for RBI have now fallen to $1 billion (£613 million) and that outgoing Reed CEO Crispin Davies will either choose a final bidder or cancel the sale in the coming weeks. Bloomberg says Davies has met with two bidders

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