Mark Sweney of The Guardian in London reports that Pearson Plc, the parent of The Financial Times, is considering options for its financial data operations, and likely bidders are other companies with business journalism operations.
“‘Following recent press reports, Pearson and Interactive Data Corporation are today confirming that the board of Interactive Data is currently undertaking a preliminary review of strategic alternatives for the company,’ said a spokesman for Pearson. ‘Pearson and Interactive Data can give no assurance on the potential outcome or timing of this review process, and do not intend to make any further statements unless and until it becomes appropriate to do so.’
“One report says that IDC, which has been looked at by private equity groups in the past, would be a good fit for financial data groups including Bloomberg, Thomson Reuters and McGraw-Hill.”
Read more here.
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