Revealed: How Much Reuters Paid For The Marketnet Group


NEW YORK--Reuters paid $11.2 million to acquire the Marketnet Group (MNG) trading technology consultancy, according to sources close to the deal. These sources also reveal that the former chief executive officer of MNG has a one-year contract with Reuters.

As a Reuters' employee again, Ed Miller, ex-chief executive officer and one of the founders of Marketnet, is now under a one-year contract, say sources. Another founder, Barry Greenberg, who is also president of Rich Inc., has a two-year co

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