Fergie's Tech Blog

Reed Elsevier Seeks to Acquire ChoicePoint for $4.1B

Ellen Nakashima writes in The Washington Post:

Reed Elsevier PLC, the owner of the LexisNexis Group, is seeking to acquire ChoicePoint Inc. in a $4.1 billion cash deal that would create a global data brokering service.

By combining database giants LexisNexis and ChoicePoint, Reed Elsevier would handle information about hundreds of millions of people and sophisticated software to handle it. Both companies play key roles in law enforcement, homeland security and intelligence, as well as providing information to the private sector.

Both also have been hit by identity theft and security problems.

posted by Fergie @ 2/21/2008 11:56:00 AM