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Morningstar exec may buy Business 2.0: report

NEW YORK
Fri Aug 31, 2007 8:35am EDT

NEW YORK (Reuters) - Joe Mansueto, chairman of investment research company Morningstar Inc, has emerged as the top bidder for Time Inc's tech-oriented Business 2.0 magazine, the New York Post reported in its online edition on Friday, citing unnamed sources.

Deals  |  Mergers & Acquisitions

Mansueto, who also owns magazines Fast Company and Inc., is the only party negotiating with Time Inc, a unit of Time Warner Inc, the Post reported in its Media Ink column.

The report cautioned that nothing is finalized.

Officials at Time Inc and Morningstar did not immediately return calls for comment.

(Reporting by Lewis Krauskopf)
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Mergers & Acquisitions


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