Guardian owner calls off talks over Trader Media

guardian-media-group-logoThe Financial Times is reporting that Guardian Media Group has ended talks with with Apax and other private equity investors over the sale of its 50.1% share of Trader Media Group.

The FT, quoting two people with knowledge of the offer, said that the valuation of £1.2bn including net debt of £600m, was significantly less than GMG had hoped for.

Read the full FT story here

UK, London

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