Newsedge Purchase Bolsters Thomson’s Dialog; TF Core Revenues Up 7 Percent
ORGANIZATION AND MANAGEMENT
BURLINGTON, Mass.--Thomson signed an agreement to acquire Newsedge for approximately $43 million (a figure that includes some $13 million in cash on Newsedge’s balance sheet). The purchase raises Thomson Financial’s real-time data profile and will considerably broaden and bolster its Dialog business.
The announcement was made the day before Thomson Corp. reported that the core revenue for Thomson Financial grew 7 percent in the second quarter over the comparable period last year, despite belt
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