Press Release: Mergers: Commission conditionally clears Reuters’ acquisition of competitor Telerate

The European Commission on 24 May 2005 cleared under the EU Merger Regulation the acquisition of the financial data provider Moneyline Telerate Holding ('Telerate') by its major global competitor, Reuters Limited ('Reuters'). The Commission's review of the operation highlighted a competition concern for financial market data platforms ('MDPs'), but the parties were able to address this concern by committing themselves to providing a global exclusive licence for Telerate's MDP product to US Hyperfeed Technologies, a provider of financial market data technology.

• Primary Source

Reuters: About Reuters: Press releases: Reuters Acquisition Of Telerate Clears European Commission Review, 24.5.05 http://about.reuters.com/pressoffice/pressreleases/index.asp?pressid=2491

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