The Deal
Sunday, November 22, 
12:07 pm

Speaking of JVs...

Posted on October 18, 2006 at 2:05 PM
Filed under: Joint Ventures and Alliances
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Reuters PLC announced today that it sold its half of the Factiva joint venture to its partner, Dow Jones, for $160 million. That's a nice outcome for Reuters on the seven-year-old JV, especially considering that the assets it contributed to the news-archive business weren't appreciating much on their own. Meanwhile, out of Chicago today comes news of a different sort for another Reuters JV: the merger of the Chicago Board of Trade with the Chicago Merc, Reuters' partner in FXMarketspace, a global foreign exchange marketplace launched in May. How will the merger affect the forex JV? That's one of the questions we'll be asking Reuters corporate development chief Eric Lint at Corporate Dealmaker Forum, the meeting we're hosting in New York on October 26. Lint will be comparing notes with Andrew Goldberger of Avaya and Harry Hamill of Wyeth on a panel entitled "JVs and other necessary nuisances." — Kenneth Klee



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