ACP Magazines ‘set to be sold to Bauer’

ACP Magazines is set to be bought by German publisher Bauer, with a deal to be announced as early as today, The Daily Telegraph is reporting.

Speculation has suggested for several months that parent company Nine Entertainment Co is looking to sell as a way of reducing its large debts.

ACP is Australia’s largest magazine publisher with titles including Australian Women’s Weekly, Cleo, Woman’s Day and Zoo Weekly.

The Tele reports: “An ACP source said last night: ‘Talks are at an advanced stage. It is happening.'”


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