Acquisitions

These times we are living in an era of winning or loosing. Couple of years ago there were no supermarkets or shopping malls. People used to gain necessary goods in small shops, owned by one person, who was mainly also working in it. Then came these huge shopping buildings, where people could buy anything they needed under one roof, and the existence of smaller shops and little entrepreneurs was sealed. Like this it looks daily also with another businesses. Smaller one is overtaken by bigger one, or more successful one, which than is in charge of most events, running in this smaller company. Similar incident occurred also in ChoicePoint Inc., data company, offering private intelligence service to government and industry. It collects and analyze personal information of consumers and then sell them to the government and private sector. In last years, ChoicePoint had several difficulties, they worked hard to remove them, even though, they are now being bought by Reed Elsevier, parent of LexisNexis. The cost of this acquisition has been defined to $3.6 billion. Reed Elsevier is a world's leader in publishing information and solutions for professional users, who are operating in markets of Science& Medical, Business and Legal. Their goal is to become unthinkable partner to their target customers- lawyers, scientists and businessmen. To reach this aim Reed Elsevier wants to combine ChoicePont's data and analytics assets with LexisNexis' technology. "A sale of more cyclical Business Information divisions and acquisition of the US data services group ChoicePoint, moves the company further into the arena of more defensive support services," said Reed Elsevier.

related story: http://news.yahoo.com/s/ap/20080221/ap_on_bi_ge/reed_elsevier_choicepoint;_ylt=AkaW0aWHdBHB3oloComL0ims0NUE

by Sandra Stoklaskova for PocketNews (http://pocketnews.tv)

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