As IMT went to press last Tuesday, Knight-Ridder Inc. announced that it planned to sell its Knight-Ridder Financial subsidiary to Welsh Carson Anderson & Stowe's Global Financial Information Corp. (GFI). The agreed-upon price was an unexpectedly hefty $275 million.
The announcement followed close on the heels of a story in the May 6 issue of IMT sibling publication Inside Market Data, in which it was reported that such a sale was imminent. That story was picked up by the Dow Jones and Reuter
It’s a trio of problems: Mifid II’s data problem; blockchain projects stalled; and data quality issues for machine learning.Subscribe to Weekly Wrap emails