CITI Sells I/B/E/S Estimate Service To VNU'S Disclosure
CONTENT & FEES
After nearly three years of searching, Citicorp has found a taker for its I/B/E/S Inc. earnings forecasting unit: Dutch publishing group VNU's Disclosure Inc. The deal relieves Citi of a non-core business unit and will help Disclosure bolster its suite of fundamental information on public companies.
Edward Keon, vice president of marketing at I/B/E/S, declines to say what Disclosure paid for I/B/E/S. However, he says that I/B/E/S fetched a much higher sales price now than it was slated to under
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