Entrepreneur Magazine Being Bought by Private Equity Firms

Irvine-based Entrepreneur Media Inc., publisher of Entrepreneur magazine, is being bought by two private equity firms, according to a report Friday. Austin Ventures and a Boston private equity firm are buying Entrepreneur Media for less than $200 million, in the lower range of what the company was expecting, according to a report on Santa Monica-based ContentNext Media Inc.’s PaidContent.org Web site.
PaidContent.org said Austin Ventures is the lead buyer and didn’t disclose the name of the Boston firm. Order Discount Magazine Subscriptions Online At MagazineLane.com