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Monday, April 04, 2005

Advanstar News 

As Folio:'s M10 Report promised last week, big news at Advanstar today. The company is selling off a chunk of the business to a new company called Questex Media Group, a venture of Audax Group and Kerry Gumas, an Advanstar executive (and I guy I've done some business with).

$100 million in revenues, $185 million purchase price. I'll have some more thoughts on this later.

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