Recent Acquisition
On July 14, 2001, it was announced that Kiplinger's Personal Finance would be acquiring Individual Investor magazine. Details of the deal included Kiplinger agreeing to pay $3.5 million for the Individual Investor subscription list and Kiplinger agreeing to assume $2.6 million in debt. At the time of the acquisition, Individual Investor had 430,000 subscribers (reportedly, Kiplinger had 1,000,000 subscribers before the acquisition).
Read more about this topic: Kiplinger's Personal Finance
Famous quotes containing the word acquisition:
“Always and everywhere children take an active role in the construction and acquisition of learning and understanding. To learn is a satisfying experience, but also, as the psychologist Nelson Goodman tells us, to understand is to experience desire, drama, and conquest.”
—Carolyn Edwards (20th century)
“Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service.”
—Socrates (469–399 B.C.)