| MUMBAI:
Bloomberg, which recently tied up with business news UTVi for a co-branding and
content presence in India, is on an expansion drive.
Bloomberg has bid
for BusinessWeek, the 80-year-old business magazine that has been put on the block
by parent company McGraw Hill.
Another
name floated is OpenGate Capital, the private equity firm that owns TV Guide magazine.
The acquisition will fit into Bloomberg’s other activities that include
running a wire service, a website, a cable channel and Bloomberg Markets magazine. BusinessWeek,
hurt deeply by the global downturn and a slump in print advertising, has received
interest from 93 buyers including private equity, hedge funds and strategic buyers. | 
