BusinessWeek, the $5 million mag recently acquired by the pomegranate-providing Bloomberg L.P., has announced that the company has selected Josh Tyrangiel, a 37-year-old non-business journalist, to run the revamped title. With the acquisition set to close by the end of the year, the selection of an editor-in-chief is a highly symbolic and indicative move.

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It’s official: after weeks of speculation, Bloomberg has won the bidding for BusinessWeek. BusinessWeek reports (erm) that though terms of the offer will not be disclosed by either party, “knowledgeable sources say that Bloomberg’s cash offer is in the $2 million to $5 million range and that it has agreed to assume liabilities, including potential severance payments.”