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Some big news in the B2B information/agency business: Thomson Financialis buying out AFX News from European news service Agence France-Press. Financial terms weren’t disclosed. London-based AFX is a European real-time financial news agency providing equity-focused business, financial and economic news to the investment community.
The news service will be integrated with Thomson Financial’s proprietary content, and delivered through the Thomson ONE application suite and to existing AFX clients.
Reuters: The companies did not reveal the price, but a source familiar with the transaction said the deal was worth just under $20 million, this Reuters story says. AFX currently has just over 100 journalists in about 12 bureaux around Europe.