B2B. American City Business Journals (ACBJ) has bought a majority stake in BizEquity, a cloud-based valuation service for 625 institutional clients and 2,500 wealth advisers: “We have created the first patented online service to help the over 200m global businesses around the world know what they are worth.”
The 34-year-old ACBJ is the largest publisher of metropolitan business weeklies in the United States, with 43 publications reaching more than 3.6m readers. It also publishes magazines on sports and classic cars. The company is owned by the Newhouse family-owned Advance Publications (owner also of Condé Nast) which acquired it in 1995.
