Multex Acquires Market Guide To Compliment Research
ORGANIZATION & MANAGEMENT
NEW YORK--Multex.com is buying Market Guide Inc., a provider of company fundamental data, to complement its own broker research and earnings estimates offerings. The move is aimed at broadening Multex's appeal to individual investors; Market Guide makes its company profiles available via several web-based services and via America Online.
The stock deal values Market Guide at around $150 million. The company reported revenues of $8.8 million for fiscal 1999, which ended Feb. 28. Income from
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