17 August 2017
Find out more

Reuters to acquire Telerate next week - sources

17 December 2004  |  6561 views  |  0 Reuters London

Reuters' long-awaited acquisition of market data provider Telerate could go ahead next week according to market sources.

Reuters has been rumoured to be negotiating a deal for the company with Telerate owner One Equity Partners since rival vendor Thomson bought out electronic fixed income network TradeWeb in May.

Dow Jones reported back in July that Reuters was about to submit a deal to One Equity Partners that valued Telerate at between $200m to $300m. The proposed deal was thought to be a mixture of cash and stocks.

Reuters turned down the opportunity to acquire Telerate when it was sold from Bridge for about $15 million three years ago.

Last week the UK's Daily Telegraph reported that Michael Bloomberg had plans to sell his financial news company. Proceeds of the sale - which would be likely to amount to billions of dollars - may be placed in a charitable trust, according to the report.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bloomberg to sell financial data company

Bloomberg to sell financial data company

08 December 2004  |  9754 views  |  0 comments
Telerate terminates FutureSource sales deal

Telerate terminates FutureSource sales deal

12 October 2004  |  3276 views  |  0 comments
Reuters close to acquiring Telerate

Reuters close to acquiring Telerate

23 July 2004  |  7849 views  |  0 comments
Thomson completes TradeWeb acquisition as Reuters eyes Telerate

Thomson completes TradeWeb acquisition as Reuters eyes Telerate

24 May 2004  |  15931 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comdownload the paper nowvisit www.dorsum.eu

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10313 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9686 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9559 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8515 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7991 views comments | 1 tweets | 2 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job