August 25, 2011
Bloomberg To Acquire BNA!
I've written that I thought Bloomberg Law should acquire BNA. In Philly, I even asked BLaw execs if I would get a "finder's fee" if "we could make that happen," LOL. It just makes sense. BNA only has about 1% of the world market and Bloomberg Law is light on secondary legal literature. Its topical analytical reports were replicating what BNA has done for years and BNA's treatises are "quality-proven" by being written by practitioners who have a vested interest in "getting it right" because their reputations are on the line (and oftentimes with supplements drafted by ABA sections; unlike "By Editorial Staff" working in an information factory) in business and law practice areas BLaw is targeting for its online user pop. So two premium legal publishers are joined as one. Too soon to say what will happen to BNA but not too soon to say, watch out Wolters Kluwer, your world has changed!
Greg Lambert is I think the first to report in the law librarian blogosphere that Bloomberg is going to acquire BNA for $990 Million. Well, damnit all to hell, there goes my retirement nestegg! See Greg's posts, Bloomberg & BNA — Q&A's Related to Acquisition and Breaking News: Bloomberg is Acquiring BNA for $990 Million for details. [JH]