Article: Letter of Intent Signed On Transfer of Kyodo News Markets to BRIDGE; Agreement in Principle Retains Current Management, Business Focus.

Business Editors

TOKYO--(BUSINESS WIRE)--May 2, 2000

Kabushiki Kaisha Kyodo Tsushin (Kyodo News) and Bridge Information Systems, Inc. (BRIDGE), one of the world's leading providers of financial information services, announced today that they have signed a letter of intent to transfer to BRIDGE the ownership of Kyodo News Markets Co., Ltd. (KM) and Kyodo Technos Kabushiki Kaisha (Technos), both affiliates of Kyodo News.

KM has been engaged exclusively in distribution in Japan of BRIDGE products and those of Telerate, Inc., a BRIDGE affiliate, while Technos has provided KM customers with system support and maintenance.

The change in ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!