2004 Reuters Buys Telerate
INSIDE MARKET DATA 20TH ANNIVERSARY ISSUE
Reuters Faces Integration Struggle
Reuters’ acquisition of Telerate, worth $175 million in cash and stock plus a $28 million contingency payment, has finally been announced. Now the vendor faces new questions about how it will turn the embattled company around, as well as its plans for Telerate’s data and products.
Reuters says it expects to spend $82 million on integrating the acquired assets but predicts that it will be able to reduce costs in two ways. First, it will consolidate Telerate’s use
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