Hoover’s shareholders last week approved a $119 million buyout by financial publisher D&B.
Austin, Tex.-based business information provider Hoover’s becomes a subsidiary of D&B’s e-business solutions group, although it will operate as its own entity, says a spokesperson for D&B.
Of Hoover’s 240 employees, seven were told that they would be laid off following the merger, but CEO Jeffrey Tarr says he doesn’t expect further layoffs.
D&B, formerly known as Dun & Bradstreet, originally made an off
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails