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Article: BRIDGE INFORMATION ACQUIRES DOW JONES MARKETS UNIT
- Article from:
- Legal Publisher
- Article date:
- March 31, 1998
CopyrightCOPYRIGHT 1998 JK Publishing, Inc. 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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Bridge Information Systems (New York) has acquired Dow Jones Markets, formerly called Telerate, from Dow Jones (New York) for $510 million, including $360 million in cash and $150 million in preferred stock.
Dow Jones Markets provides real-time financial information, decision-support products and transaction services to the financial community. It operates 94,000 terminals and has annual revenues of over $700 million. The unit will be renamed Bridge Telerate in an effort to take advantage of Telerate's reputation in both Europe and Asia, Bridge said.
Established in 1979, Bridge currently operates over 74,000 financial terminals and has estimated revenues of ...