Reuters Buys Lipper Analytical Services; Creates Funds Information Business

MARKET DATABASE

NEW YORK--Reuters has created a funds information services unit following the acquisition last week of the fund information business of Lipper Analytical Services. The deal, which was rumored a couple of weeks ago (Inside Market Data, July 6), is the largest step so far in Reuters' stealthy buildup of fund information services offerings.

The acquisition of such a major brand name as Lipper Analytical underscores Reuters' hunger to enter the fund management business. Terms of the deal were not

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