September 23, 2015 / 4:15 PM / 4 years ago

UBM confirms talks to sell PR Newswire

(Reuters) - British communications and events company UBM Plc UBM.L said on Wednesday it was in “highly preliminary” talks about a sale of press release distributor PR Newswire.

UBM, which has been looking to sell the business since April, said it was in talks with a number of parties but there was no certainty about a deal being reached.

Reuters reported on Tuesday that Cision, a provider of public relations software and intelligence, was working on a bid to buy PR Newswire.

Reporting by Abhiram Nandakumar in Bengaluru; Editing by Saumyadeb Chakrabarty

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