DJ Newswires Buys Bridge News’ Live Wire, Commodities Customer Contracts

ORGANIZATION AND MANAGEMENT

NEW YORK--Bridge News has agreed to sell all its unbundled commodities and Live Wire customer contracts to Dow Jones Newswires, effectively shutting down one of the four primary global real-time news services.

Dow Jones Newswires will pay Bridge $6.5 million in cash, according to a Dow Jones press release. According to an internal memo sent to all Bridge employees, the transaction is expected to close sometime in September.

Upon the close of the deal, "Dow Jones will take over the redistribut