Reuters to Buy Multex
ORGANIZATION AND STRATEGY
Reuters last week announced that it plans to acquire Multex, a vendor of data, research and technology services, for £121 million ($195 million). The company plans to use Multex to strengthen its research offerings in the institutional and retail market.
The deal would also strengthen Reuters’ offerings in fundamental and estimates data, which it is not known for. Chris Feeney, president of Multex, says that together, the two companies can also act as a single data source for clients who
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