If You Can't Beat'em, Buy'em: Grapevine Says Reuters Wants To Acquire Bloomberg
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If you can't beat 'em, eat 'em. That's apparently the reasoning behind Reuters Holdings PLC's rumored plans to buy Bloomberg L.P., a deal that numerous sources on the Street say is in talking stage. The purchase would combine the transactional, foreign exchange and editorial might of Reuters with the successful fixed-income pricing and analytics services of Bloomberg.
Such a buyout would make redundant Reuters' Decisions 2000 product, the as-yet unannounced fixed-income analytics service designed
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