Feeds

Dow Jones acquires CBSMarketwatch

$519m website play

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

The publisher of the Wall Street Journal is buying CBSMarketwatch for $519m. Dow Jones and Co is paying $18 per share for the San Francisco firm behind cbsmarketwatch.com. This represents a premium of 7.2 per cent based on Friday's closing price or 46.5 per cent based on the 60 day average price.

Larry Kramer, chairman and chief executive of MarketWatch, said: "By combining Dow Jones' legendary brands, infrastructure and valuable strategic alliances with MarketWatch's award-winning newsroom and comprehensive suite of business and analytical tools, this transaction supports our mission to be the market leader in licensed and advertising supported financial news and information."

Dow Jones publishes the Wall Street Journal and its online incarnation wsj.com which charges for access and claims 701,000 subscribers. MarketWatch was founded in 1997 and runs cbsmarketwatch and bigcharts.com as well as some subscription services.

The deal should close in the first quarter of next year but must still be approved by shareholders and regulators. ®

Related stories

Penguin and the great katie.com hijack
Archive.org suffers Fahrenheit 911 memory loss
Reed says yes to science on the web

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.