Apax To Buy PR Newswire?

Apax Partners reportedly is planning to bid up to Gbp500 million for PR Newswire, a press release distribution company that currently is owned by United Business Media, according to The Times of < ?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />London. www.apax.com www.prnewswire.com< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />