Feature
Bloomberg and BNA Join Forces, Strengthening Position in Legal Information Market By Rebecca E. Neely This week, Bloomberg LP announced it would purchase the Bureau of National Affairs Inc., (BNA) for approximately $990 million. The acquisition, which is expected to take place in September of this year, will make BNA a stand-alone subsidiary of Bloomberg.
Bloomberg is a leader in global business and financial information and news and offers influential decision makers an edge by connecting them to a dynamic network of information, people and ideas. The company’s key strength is delivering data, news and analytics via innovative technology, quickly and accurately, according to information in an August 25th press release at the company’s site. In addition, Bloomberg Law is the first real-time legal research system integrating innovative search technology, comprehensive legal content, company and client information, and proprietary news, in one location, and is in direct competition with legal research services such as Westlaw and Lexis-Nexis. The biggest independent publisher of news, analysis, and reference products for business, legal, and government professionals, BNA delivers specialized information, via 300+ news and information services. The company employs over 600 reporters, editors and lawyers.
located in Arlington, Virginia, its proximity to Washington, D.C. will strengthen Bloomberg’s presence in the Capital, and nationwide, by providing more in-depth coverage on a wide range of issues and news, including those in tax and accounting, healthcare and telecommunications. Douglas Taylor, managing partner of Burton-Taylor International Consulting was quoted as saying in the August 25th crainsnewyork.com article, ‘’Bloomberg LP buys BNA for $990M’’: ‘’What happens in Washington has a pretty strong and direct impact on what happens in the financial market.’’ ‘’For more than eight decades, we have provided our subscribers with quality products that allow them to do their jobs more effectively and efficiently,’’ Paul N. Wojcik, Chairman and CEO of BNA was quoted as saying in the press release at Bloomberg’s website. And Dan Doctoroff, CEO and President of Bloomberg was quoted as saying: ‘’BNA research and analysis will make Bloomberg’s products even more valuable, and BNA would benefit from our data and technology expertise.’’
BNA will complement Bloomberg Law, thus strengthening its position in the legal information market. Because BNA is
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