Sunday, December 10, 2006

Ripplewood to Acquire The Reader's Digest Association

An investor group led by Ripplewood Holdings LLC has entered into a definitive merger agreement to acquire The Reader's Digest Association, Inc. (NYSE: RDA) , a global leader in publishing and direct marketing, in a transaction with an aggregate value of $2.4 billion. Reader's Digest is a publisher and direct marketing company that creates and delivers products and content for magazines, books, recorded music collections, home videos and online websites. Its flagship magazine, Reader's Digest magazine, is published in 50 editions and 21 languages with a monthly circulation of approximately 18 million and a global readership of approximately 80 million.