Moneyline/Telerate Asset Sales Approved by Judge; Dow Jones' Move to Buy Bridge News Lists Postponed to September 13; Reuters Gets Go Ahead from Justice on Bridge North American Asset Purchase
SPECIAL REPORT
New York: Bridge Information Systems reached agreement to sell the global operations of its Telerate subsidiaries, plus the Bridge information businesses in Europe and Asia, and the Bridge Trading Room System (BTRS) product line, to Moneyline. Moneyline will pay $10 million for the assets and will also provide a $5 million to cover Telerate's operating expenses until the transaction is closed.
Judge David P. McDonald approved the Telerate sale on Friday, Aug. 31. Market Data Corp. and Cantor
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