The attempts by the Informa media group – best know in the UK as owners of the Legal IT Islington, Legal IT Forum and By Legal For Legal events – to find someone to buy the business, have ground to a halt. A consortium including Providence Equity, Carlyle and Blackstone have just walked away after Informa rejected their £1.9 billion takeover proposal. Informa says it is no longer in talks with any other parties and the company's chief executive Peter Rigby told shareholders “The board recognises that recent events in the credit markets have made it highly challenging to fund any offer.” Rigby had set a 26 September deadline for the consortium's decision.

Informa will no doubt carry on regardless but a rather more pertinent question is how will other deals – both in the media and software arenas – that have gone through fare if their investors start feeling the pinch and need to liquidate some of their assets?