In a move that will end an acrimonious lawsuit between the two companies, The Thomson Corporation is buying the 90 percent of Corporate Communications Broadcast Network (CCBN) that it doesn’t already own. Terms of the deal were not disclosed.
The acquisition comes 18 months after CCBN co-founder Jeffrey Parker accused Thomson of using sensitive information gained through Thomson’s two designees on CCBN’s board to create a competing business.
Lawsuit aside, CCBN is an attractive pickup. It hosts investor relations sites, streams quarterly earnings presentations and handles regulatory disclosures for 3,000 customers. In addition, the Boston company aggregates company and market data for its StreetEvents service, which has 15,000 subscribers.
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