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May 16, 2011 02:41 pm GMT

Primedia Acquired By TPG Capital For $525 Million

Primedia, which helps people find apartments, houses for rent or new homes for sale through websites, mobile and print publications, this morning said it has entered into a definitive agreement to be acquired by affiliates of private investment firm TPG Capital.Under the terms of the agreement, holders of the outstanding common shares of Primedia will receive $7.10 per share in cash, representing a transaction value of approximately $525 million.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tYNuG6NLcnQ/

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