1998 Bridge Takes On Dow Jones Markets

INSIDE MARKET DATA 20TH ANNIVERSARY ISSUE

Bridge Buys Telerate, Creating No. 2 Vendor; Cantor Issue On Table

Ending months of internal agony and weeks of external speculation, Dow Jones & Co. agreed to sell its Dow Jones Markets unit to Bridge Information Systems for $510 million in notes and cash. In outbidding a rival group that included US Treasury interdealer broker Cantor Fitzgerald, Bridge has established itself as the No. 2 player behind Reuters in a market now consolidated into three global real-time data vendors.

The agreemen

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