15th Dec 2015 06:50
LONDON (Alliance News) - Public relations software provider Cision is close to an agreement with UBM PLC to acquire the PR Newswire Associaton LLC business, Reuters reported, citing people familiar with the matter.
Cision is understood to have emerged victorious in an auction of the company over private equity firm Vista Equity Partners Management LLC, and a deal could be sealed as early as this week, according to the Reuters source.
The exact price Cision will pay could not be immediately learned, but sources have previously told Reuters the business could go for around USD700.0 million.
http://uk.reuters.com/article/uk-prnewswire-m-a-cision-idUKKBN0TY0A020151215
By Sam Unsted; [email protected]; @SamUAtAlliance
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