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CME to pay for Dow Jones Indexes with jv debt
09 March 2010
CME Group will acquire 90% of Dow Jones Indexes in a joint venture which will leave Dow Jones with a 10% stake. Dow Jones, which is owned by News Corp, will gain $607.5m for 90% of the business, which the deal values at $675m. CME Group will contribute some market data services, which it has valued at $607.5m, to the joint venture.
Read more:
[CME]
[Dow Jones]
[Dow Jones Indexes]
[News Corporation]
[Bourse Consult]
The venture will raise about $613m of third party debt,
which will be used to pay $607.5m to Dow Jones.
Lynton Jones, chairman of consultancy Bourse Consult...
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