The Channel logo


By | John Oates 18th August 2011 11:01

Sage leads bidding for Mind Your Own Business

Geordie move into Antipodes looking good

Sage has been declared preferred bidder for Aussie small biz and accounts firm MYOB.

The Geordie firm is bidding A$1.3bn (£823m), which tops offers from Bain Capital and Kohlberg, Kravis Roberts and Co.

The two private equity/asset stripper firms were stymied by the downturn in debt markets in recent weeks.

The offer is a generous valuation of MYOB and would be Sage's biggest ever buy.

Sage said yesterday it was in the bidding: company spokespersons were unavailable at the time of writing. ®

comment icon Read 1 comment on this article alert Send corrections



Tom Whipp

Insurance industry insider tells all
Crypto fingers
Kids on wall. Pic: US Army/Capt Emily Skolozynski


Better to play nicely than try to muscle in on territory
Microsoft:Decoded partner of the year 2015. Pic: Dominic Connor

Dominic Connor

Advertising oddness and what MS really wants you to know


Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire
The Seeing Eye by Valerie Everett, Flickr, CC2.0
Follow the money – or, at least, our projections
Boats storm girl photo via Nikolina Mrakovic
The puppets from Team America: World Police gather at a bar for drinks.