Wasserstein set to acquire Cygnus Business Media

New York—Wasserstein & Co. is set to acquire Cygnus Business Media from ABRY Partners, according to media reports. The deal would take place in a slow period for b-to-b media mergers and acquisitions activity.

Industry sources say that while the deal appears to be close to realization, the credit market remains difficult and may yet derail an acquisition agreement.

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