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:
“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.)
“Whatever may be our just grievances in the southern states, it is fitting that we acknowledge that, considering their poverty and past relationship to the Negro race, they have done remarkably well for the cause of education among us. That the whole South should commit itself to the principle that the colored people have a right to be educated is an immense acquisition to the cause of popular education.”
—Fannie Barrier Williams (1855–1944)