Reed Business Information (RBI) has announced today that it has agreed to divest New Scientist and its associated products and events to Kingston Acquisitions Limited, a company established by the former management team of Times Educational Supplement. Terms were not disclosed.
This decision reflects RBI’s continuing strategic priority of focusing on its data and analytics business.
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About Reed Business Information
Reed Business Information provides information, analytics and data to business professionals worldwide. Our strong global products and services hold market-leading positions across a wide range of industry sectors including banking, petrochemicals and aviation where we help customers make key strategic decisions every day. RBI is part of RELX Group, a global provider of information and analytics for professional customers across industries.
About RELX Group
RELX Group is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. The total market capitalisation is approximately 31.3bn GBP / 36.7bn Euro / 38.9bn USD
About Kingston Acquisitions Limited
Kingston Acquisitions is a new company which has been formed specifically for the purpose of acquiring the New Scientist title. Once the transaction has been completed, the company will be renamed New Scientist Limited.