Sale of Telerate Assets in Final Lap; Moneyline Appears to Be Likely Victor

NEW YORK--The sale of Bridge’s Telerate assets appears to be headed toward a close. A source close the deal says "it looks like Moneyline" will emerge as the victor in the latest rounds of bidding for the unit. "It’s a complex transaction," says a source. "It’s taking time to iron out. It involves Reuters, Savvis and Bridge."

In a memo sent to all employees, Bridge states: "It is our understanding that one of the bidders for Telerate, along with the Bridge information businesses in Europe and