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« Mysis Approached by Private Equity Firms | Main | Sales Analyst - US Equities - European Stockbroker »

16 June 2006

Thomson Financial to acquire AFX

 Thomson Financial has announced that it has signed a definitive agreement to acquire AFX News from Agence France-Presse.The press release states the acquisition further develops Thomson Financial's European proprietary real-time news offering which is targeted to clients in the business and financial communities. The deal is expected to be finalised at the end of next month subject to regulatory review. The acquisition will complement existing news services including Thomson Financial News, Thomson Merger News, and Thomson Investment Management News. The companies haven't revealed the price but paidContent.org say a source close to the deal estimates it is worth just under USD20mn.

16 June 2006 in News |

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