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United Business Media Company

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August 15, 2001 | Reuters
Britain's United Business Media, owner of PR Newswire, offered to buy corporate multimedia news content provider Medialink Worldwide Inc. for about $29 million, or $5 a share, in a deal that would boost its PR Newswire service. Shares of Medialink surged on the news, closing up 99 cents, or 30%, to $4.34 on Nasdaq. The New York-based firm said it would review the offer but underlined that it was an independent company.
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BUSINESS
August 15, 2001 | Reuters
Britain's United Business Media, owner of PR Newswire, offered to buy corporate multimedia news content provider Medialink Worldwide Inc. for about $29 million, or $5 a share, in a deal that would boost its PR Newswire service. Shares of Medialink surged on the news, closing up 99 cents, or 30%, to $4.34 on Nasdaq. The New York-based firm said it would review the offer but underlined that it was an independent company.
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