Interactive Data Buys S&P ComStock
ORGANIZATION AND STRATEGY
Interactive Data Corp. has agreed to buy Standard & Poor’s (S&P) ComStock for $115 million in cash, adding real-time market data to its stable of products.
S&P ComStock has been rumored to be up for sale for months, with suitors said to include Moneyline Telerate and Telekurs. Among other attractions, it has a large institutional customer base--many of which use it for a backup feed--and its own ticker plant for collecting and distributing real-time data from more than 180 stock exchanges and
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