Financial Times FT.com

GfK to quit battle for TNS

By Tim Bradshaw and Andrew Edgecliffe-Johnson

Published: August 26 2008 23:22 | Last updated: August 26 2008 23:22

GfK, the German market research group, is expected to announce on Wednesday that it is withdrawing its proposed bid for Taylor Nelson Sofres, a UK rival.

GfK’s discussions with Apax, the private equity group that it hoped would jointly bid for TNS, fell apart last night over price, according to people close to the plans.

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