Reuters in talks to buy EcoWin - reports
25 July 2005 | 6668 views | 0
News and information provider Reuters is in talks to buy EcoWin, a privately held Sweden-based seller of financial data, for between $100 million and $200 million, according to unconfirmed newswire reports.
EcoWin was established in 1994 and has become one of the leading providers of systems and data for financial and macroeconomic time-series analysis and asset allocation. Today London, Paris, New York, Göteborg and Gdansk host EcoWin offices.
Reuters is listed as one of six EcoWin strategic partners on the Swedish company's Web site.
According to reports, Reuters had hoped to have a deal announced before its half-year results tomorrow, but negotiations are unlikely to be concluded in time.
A spokesman for London-based Reuters declined to comment, as did a spokeswoman at EcoWin's office in Gothenburg, Sweden.