Reuters Sells Radianz to BT
FRONT PAGE: ORGANIZATION & STRATEGY
UK telecommunications vendor BT last week agreed to acquire the Radianz financial network from Reuters for $175 million in cash plus any net cash on Radianz's balance sheet, estimated by BT to total about $200 million. The news follows last year's announcement that the two were in exclusive talks (IMD, Oct. 25, 2004).
Separately, Reuters promised to continue to use Radianz's network to distribute its services in a deal thought to be worth $3 billion to BT over the next eight and a half years
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