Reuters to buy Multex

ORGANISATION AND STRATEGY

LONDON -- Reuters said on February 18 that it plans to buy data, research and technology vendor Multex, for £121 million ($195 million). The company plans to use Multex to strengthen its research offerings in the institutional and retail market.

The deal would also strengthen Reuters’ offerings in fundamentals and estimates data, which it is not known for. Chris Feeney, president of Multex, says together the firms can also act as a single data source for clients that previously bought from

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