Dow Jones to Buy News Division of Vwd Financial Newswire

Update: Correction: Dow Jones has not agreed to buy all of vwd, but rather it has signed an agreement to buy the NEWS DIVISION of vwd. This includes financial newswires and business newsletters. The market-data terminal and services business (in which DJ has a minority stake) will be acquired by an investment group headed by Edmund Keferstein.

Dow Jones has agreed to buy the news division of Vereinigte Wirtschaftsdienste GmbH (or vwd as it is generally known), a provider of German-language financial news, for 9.8 million euros ($12.05 million) in cash.

Vwd’s operations include the financial newswires and business newsletters to be acquired by Dow Jones, along with a market-data terminal and services business

Related: Dow Jones Buys Alternative Investor Group for $85 Million

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