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A Done Deal for CME Group & Dow Jones


Posted: 03/02/10

By: tomgrisafi

2296

CME Group, Inc. and Dow Jones & Company, Inc. have signed a definitive agreement in which CME Group will take a 90% ownership interest and Dow Jones will take a 10% ownership interest in a new joint venture that will own the Dow Jones Indexes, which includes The Dow Jones Industrial Average and approximately 130,000 index properties.

As we all know, CME is an operator of financial exchange, while Dow Jones & Company is a provider of global business and financial news and information.

CME Group will acquire a 90% stake in a new joint venture for $675 million. The transaction is expected to close during the first quarter of 2010.

The acquisition will expand CME Group's index and market data offerings as well as its growth opportunities in equity index complex. This transaction will allow CME Group to further diversify its revenue streams, global product development capabilities, creating sustainable new value for its customers and shareholders.

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1 Comments

Guest

Posted: 03/02/10

CME is Buying the world!

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