UBM sells press release distribution business PR Newswire for £562m - Press Gazette

UBM sells press release distribution business PR Newswire for £562m

Business publisher and events organiser UBM has sold its press release distribution business PR Newswire for $821m (£562m).

It has been bought by US-based investment group GCTR investment holdings.

UBM has said it wants to focus on events. More details on the deal from UBM here.

 

 

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