Whitestone Communications (New York) reports that there were 84 deals valued at $1.5 billion in the publishing, information and training industries during the third quarter of 2003 compared to 87 deals worth $664 million reported in the third quarter of 2002.Whitestone Whitestone may refer to:
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) reports that there were 84 deals valued at $1.5 billion in the publishing, information and training industries during the third quarter of 2003 compared to 87 deals worth $664 million reported in the third quarter of 2002. Whitestone tracks deal activity for its annual Who's who's 1. Contraction of who is. 2. Contraction of who has. who's who is or who has who's short for who is, who has. Buying Whom reference. Whitestone president Baran Rosen said that "although the total number of deals didn't budge from last year, we are seeing signs of more active interest on the part of buyers and sellers. And the multiples being paid ... are increasing." Rosen cited United Business Media's purchase of Aprovia for $126 million (13.3x EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become ), eCollege's acquisition of Datamark for $60 million (11.3x EBITDA) and Advanstar's purchase of Thomson's medical and healthcare titles for $135 million (1.5x revenue). |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion