American Lawyer Publisher Sold Back to Wasserstein & Co
(Reuters) - American Lawyer publisher ALM Media, which was once controlled by Bruce Wasserstein, has been sold to the late Wall Street dealmaker's investment firm Wasserstein & Co, the companies said in a statement.
Financial details of the deal were not publicly disclosed. The New York Times reported the acquisition price was around $417 million, citing a source briefed on the matter.
The transaction is expected to close in the third quarter, the joint statement said.