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Article: Bridge Information Systems Completes Acquisition of Dow Jones Markets to Become World's Second Largest Financial Information Provider
- Article from:
- PR Newswire
- Article date:
- May 29, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, May 29 /PRNewswire/ -- Bridge Information Systems announced today that it has completed its acquisition of Dow Jones Markets (DJM) from Dow Jones & Company (NYSE: DJ). The transaction makes BRIDGE the world's second largest provider of financial information in just three years of operation since Welsh, Carson, Anderson & Stowe purchased Bridge Information Systems in 1995.
The former DJM unit will be renamed Telerate, and will be operated as a separate business division with its own product line. "The Telerate name is well recognized and well respected worldwide and we feel it should maintain a separate identity. Telerate products will be enhanced by BRIDGE ...