The UK magazines that are being sold are Accountancy Age, ComputerActive, CRN, Computing, Financial Director, Information World Review, IT Week and Personal Computer World.
The company has been bought by venture capital company 3i. Negotiations to sell the French part of the business are ongoing.
VNU announced on October 2, 2006 that it planned to explore strategic alternatives for BME, including a possible sale of the business. The review did not include VNU Business Media USA, or VNU's joint venture with Jaarbeurs - VNU Exhibitions Europe B.V. - with activities in the Netherlands and China.
The sale will include BME's operations in the UK, the Netherlands, Spain, Italy, Germany and Belgium. Also, four thousand jobs will be axed from the remaining VNU businesses around the globe as part of cost-cutting and corporate restructuring, mostly from non-client facing jobs.