Reuters Sells Factiva to Dow Jones

FRONT PAGE: ORGANIZATION & STRATEGY

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

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: