VITAMEDIAS
Reuters to Buy Multex: News and financial data provider Reuters Group, looking for new revenues amid a downturn in financial markets, is acquiring Web-based research distribution company Multex in a deal valued at about $195 million (121 million British pounds) in cash.
The announcement came as Reuters announced a loss of $630 million (394 million pounds) for 2002 and said it would cut 3,000 jobs, or 18 percent of its staff, by 2005 as it copes with lower sales from financial services customers. [...]
Multex is considered one of a group of Silicon Alley companies that went public during the dot-com boom and only one of a handful that survived the downturn in financial markets that began in 2000. It offers financial information and distributes research, via Web platforms, on over 25,000 companies around the world.