YouGov in aborted MBO talks – report
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Telegraph claims talks with investors ‘no longer continuing'
UK-- YouGov has held discussions with private equity investors about a potential management buy-out of the company, according to a report in the Daily Telegraph.
The paper said the firm had met with would-be investors to discuss a bid that would take the company into private ownership.
However, the paper claims that these talks “are no longer continuing” and YouGov has not appointed any financial advisors to take any potential deal further.
The firm warned earlier this month that profits for the six months ending 31 January 2009 were “significantly below” expectations, which led to its share price plunging 50% from 71p to 35p.
YouGov did not return calls to comment.
Author: James Verrinder
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