Bridge Buys Telerate, Creating No. 2 Vendor; Cantor Issue On Table

ORGANIZATION & MANAGEMENT

NEW YORK--Ending months of internal agony and weeks of external speculation, Dow Jones & Co. agreed to sell its Dow Jones Markets unit to Bridge Information Systems for $510 million in notes and cash. In outbidding a rival group that included US Treasury interdealer broker Cantor Fitzgerald, Bridge has established itself as the No. 2 player behind Reuters in a market now consolidated into three global real-time data vendors.

The agreement also heralds the return of the Telerate name: Bridge p

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