| 1. |
Vivendi Universal |
Houghton Mifflin Co. |
$2.2 billion ($1.7 billion in cash plus assumption of approximately $500MM in debt); Rev. $1.03 billion, op. inc. $136MM |
| 2. |
Cinven (U.K.) |
Vivendi Universal (France) |
$1.8 billion for Vivendi's business and health publications, including the magazine Usine Nouvelle and the medical daily paper Le Quotidien du Medecin; Rev. $904MM |
| 3. |
Time Inc. (AOL Time Warner) |
Cinven (U.K.) |
$1.6 billion for IPC Media; Consumer magazine group; 2001 annualized rev. and op. inc. (based on six months ended 3/31/01) $581.1MM and $100.7MM |
| 4. |
SanomaWSOY (Finland) |
VNU |
$1.1 billion for the Consumer Information Group; Units include VNU Magazines, Mediaxis, and Aldipress; Rev. $732.2MM, EBITDA $118.4MM |
| 5. |
Primedia Inc. |
EMAP Plc. |
$515MM for EMAP USA; Magazines business; Titles include Skin Diver, Guns & Ammo, and Snowboarder |
| 6. |
Advance Publications |
New York Times Company |
$435MM for Golf Digest, Golf Digest Woman, Golf World and Golf World Business |
| 7. |
U.S. Investigations Services, Inc. |
The Official Information Company (VS&A Communications Partners) |
$245MM for Total Information Services, Inc.; Pre-employment screening services |
| 8. |
Pearson |
Dorling Kindersley Holdings |
$426.9MM; Illustrated reference book publisher |
| 9. |
Reuters (U.K.) |
Bridge Information Systems |
$275MM; Financial information; Core businesses include Bridge Information Systems North America, the EJV bond rating and analytics business; Rev. $435MM, op. loss $72MM |
| 10. |
Institutional Investors |
IBM Corp. |
Sold $252MM of its stock in Riverdeep Group Plc. (Ireland); Online developer of K-12 interactive learning solutions |
