One expert
told the
Financial Times on June 13 that a
BusinessWeek sale is likely to net owner McGraw-Hill only pocket change.
A $1 purchase, similar to OpenGate Capital’s
buy of
TV Guide last year, “is probably the kind of deal that would be obtainable for
BusinessWeek,” Reed Phillips, managing partner at DaSilva & Phillips, a media investment bank, told the newspaper.
He also told
FT that likely buyers are OpenGate Capital, Platinum Equity, and Mansueto Ventures.