Financial Times FT.com

Move for Informa collapses

By Ben Fenton,Chief Media Correspondent

Published: September 18 2008 22:49 | Last updated: September 19 2008 18:13

The collapse of Project Isobar, the codename for the proposed buy-out of Informa by a private equity consortium, is a profound omen for the future of dealmaking in the media sector, analysts said on Friday.

A 450p a share bid, valuing the company at £1.9bn, was withdrawn after the 12 banks involved in financing the deal were unable to provide the extra money to fund a higher offer.

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