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Reuters Shops Radianz to BT
Reuters is negotiations with network provider BT for a long-term service agreement that includes the sale of Reuters' financial extranet business Radianz. The sale is expected to close during Q1 2005. As part of the negotiations, Reuters is set to acquire the outstanding 49 percent Radianz equity from French partner Equant for a $110 million cash transaction as well as the forgiveness of any future funding obligations. Reuters says the move is part of its Fast Forward
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