Dow Jones Makes First Post-News Corp Acquisition: Buys Betten Financial News
This story was written by Rafat Ali.
Dow Jones (NYSE: NWS), now officially part of News Corp. has made its first acquisition after the deal: it has bought Dutch company Betten Financial News, in an effort to expand its Dow Jones Newswires operation internationally. DJ will combine Betten's corporate and markets coverage with Dow Jones Nieuwsdienst, its Dutch service. Betten's brand is well known in The Netherlands under the "Betten Beursmedia News" brandname. In addition to distribution via market data terminals Betten has its own website and also provides content to a number of financial institutions' Web portals as well as to Dutch sites including Financieele Dagblad and IEX.nl. Betten also supplies content to the DJ Factiva services.
The financial details were not disclosed. More details in the release.
By Rafat Ali