Legal research giant LexisNexis acquired business news provider Portfolio Media and its Law360 service, the companies announced Tuesday.
Terms of the deal were not disclosed. Advisers to the deal were New York-based Simpson Thacher & Bartlett for Lexis, which approached Law360 for the acquisition, and Palo Alto, Calif.’s Wilson Sonsini Goodrich & Rosati for Portfolio Media. (For more on the deal and consolidation in the legal news and research business see the Am Law Daily’s report.)
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