Follow up to March 22, 2007 posting, Sale of American Lawyer Media Considered by Owner Wasserstein, from a press release today: “Incisive Media will acquire ALM from U.S. Equity Partners, L.P. for a total value of approximately $630 million (approximately 315 million pounds Sterling) in cash. The acquisition is expected to close in the third quarter of this year, upon satisfaction of regulatory approvals and other customary closing conditions. ALM owns and publishes 33 national and regional magazines and newspapers focused on the legal and real estate communities, including The American Lawyer(R), The New York Law Journal(R), Corporate Counsel(R), The National Law Journal(R) and Real Estate Forum…ALM’s Law.com(R) is the Web’s leading legal news and information network, while ALM’s GlobeSt.com is the Web’s leading information source for commercial real estate professionals.”