Reuters Captures Teknekron For $125 Million; Vendors Insist It's A Marriage, Not A Merger

- WatersTechnology Staff
- 10 Jan 1994

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Reuters' acquisition of Teknekron Software Systems Inc. dazzled the trading room technology market late last month. The purchase -- which has yet to be approved by U.S. and U.K. regulatory authorities -- puts the No. 1 and No. 2 digital data distribution system suppliers under the control of the same parent.

While it was no surprise that Teknekron was for sale (TST, May 17, 1993), the fact that Reuters has emerged as the buyer has injected considerable uncertainty into the financial technology

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