Summary:

Reuters to Buy Multex: Reuters, which has just announced a major restructuring, has also announced an agreement to buy the rest of Multex.co…

Reuters to Buy Multex: Reuters, which has just announced a major restructuring, has also announced an agreement to buy the rest of Multex.com, a U.S.-based financial information provider, that it doesn’t own for $7.35 a share. The cash cost to Reuters will be about $195 million. Reuters hopes Multex can help it reach new customers, generating revenue from cross-selling to both Multex and Reuters clients and by combining products. It plans to develop Multex’s business in Europe and Asia.

This is the second major acquisition of a business information service, after D&B announced plans to acquire Hoover’s a couple of months ago–that acquisition is still pending and mired in controversy.

By Rafat Ali

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