Quotron’s Legacy
WATERS TEN
Its name may have disappeared but its contributions haven’t. Among them: introducing an OS called Unix to Wall Street and a company called Reuters to the US market.
In April 1994, Reuters acquired Quotron from Citicorp for $12.8 million (a steal, considering that eight years earlier Citicorp had paid $630 million for it--and that doesn’t count the fact that Citi had to give Reuters $80 million to cover operating losses to close the deal). With the finalization of the acquisition, a once
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