Moneyline Gives Benelux to MarketXS
ORGANIZATION & STRATEGY
Moneyline Telerate is handing its Benelux operations over to Dutch market data software vendor MarketXS in a data and technology redistribution agreement that will also see Moneyline’s backers take a major shareholding in the Dutch company.
The two signed a letter of intent last week and expect to ink the deal this week.
Moneyline’s majority owner, One Equity Partners, will pay up to $7.5 million for up to a 43 percent stake in MarketXS, which takes over exclusive distribution of Moneyline’s data
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