Dow Jones is to buy Reuters' 50 percent stake in Factiva, the news joint venture co-founded by the two companies in 1999, the vendors announced last week. The deal, still subject to regulatory approval, should close before the end of 2006.
Dow Jones will pay $160 million for Reuters' stake, with $153 million in cash funded through the sale of up to six local newspapers, and $7 million in preferred stock. Reuters will also collect half of the cash left on Factiva's balance sheet when the deal
Anthony and James talk about how regulators in the US are falling behind other nations' regulators, the lack of talk about Reg AT, and an SRO for cryptocurrencies.Subscribe to Weekly Wrap emails