Reuters Receives Clearance for Acquisition of Moneyline Telerate

Reuters, the global information company, has received clearance from the European Commission for its pending acquisition of Moneyline Telerate, a global provider of real-time financial information. The acquisition remains subject to other customary completion conditions, including regulatory clearances from the United States. Reuters and Telerate are working together to satisfy the remaining conditions and complete the transaction within the second quarter. As part of the acquisition, Reuters and Telerate have entered into an agreement to license Telerate's TRS (Trading Room System) technology to Hyperfeed Technologies, Inc.

Key Takeaways:

• Reuters has received clearance from the European Commission for its acquisition of Moneyline Telerate.
• The acquisition remains subject to customary completion conditions, including regulatory clearances from the United States.
• Reuters and Telerate have entered into an agreement to license Telerate's TRS (Trading Room System) technology to Hyperfeed Technologies, Inc.
• The license resolves concerns expressed by the U.S. Department of Justice regarding the acquisition.
• Reuters and Telerate will continue to develop, support, and distribute TRS and Active8 technology following completion.
• Reuters acquired all Telerate customer contracts and obligations, including those related to TRS and Active8.
• Reuters has 14,500 staff in 91 countries and 2,300 editorial staff in 196 bureaus serving 129 countries.
• Reuters' 2004 revenues were GBP 2.9 billion.

Statistics:

• Reuters has 14,500 staff in 91 countries.
• 2,300 editorial staff in 196 bureaus serving 129 countries.
• Reuters' 2004 revenues were GBP 2.9 billion.
• The acquisition remains subject to customary completion conditions.
• Reuters and Telerate will continue to develop, support, and distribute TRS and Active8 technology.