Lotus Eyes Sale Of Signal Quote Business; Reuters Kicks Tires, But Backs Away
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Talks between Lotus Development Corp. and Reuters Holdings PLC on the possible sale of Lotus's quote distribution business have broken off. Sources say, however, that Lotus is still inclined to exit the network and ticker plant business in order to focus on its software for processing real-time financial information.
"There was a level of interest and there is no longer a level of interest" in Reuters acquiring Lotus Information Network Corp., says John Hull, senior marketing executive at Reuters
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