Thomson Reuters has sold its 34 percent take in a German financial news service called dpa-AFX, according to a Deutsche Press-Agentur story.
“The price was not disclosed. The announcement said the parties expressed their long-term commitment to the business and continuation of existing supply relationships.
“dpa-AFX supplies ‘real-time’ news to banks and businesses who need it even faster than regular news media can report the stories.
“The change in structure follows a transfer of editorial staff who previously produced English-language financial news for Thomson Financial, based at dpa-AFX’s Frankfurt headquarters. They have now been integrated into Reuters.”
Read more here.
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