Moneyline’s Telerate Purchase Approved; Bridge News Closes

ORGANIZATION AND MANAGEMENT

NEW YORK--Bankruptcy Judge David McDonald approved the sale of Telerate, the Bridge information businesses in Europe and Asia, and the Bridge Trading Room System product line to Moneyline, according to a memo sent by the management committee to all Bridge employees this week. The transaction is expected to close in the first half of October.

The sale of some of Bridge’s assets to Reuters is expected to close at the end of this week, according to the memo. The sale of Bridge News’ unbundled L

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