Dow Jones acquires European Financial Info. Co.Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance (New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ) has entered into an agreement to acquire eFinancialNews Holding (London), a diversified diversified (di·verˑ·s media company serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry, primarily in the UK, for a cash consideration of 26.1 million [pounds sterling] (about $52 million). The cash consideration represents approximately 10.1 times 2007 estimated EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become , about 2.1 times the company's 2006 revenue of 12.7 million [pounds sterling] and 1.7 times estimated 2007 revenues of 15.4 million [pounds sterling]. eFinancial News flagship operations include the weekly "Financial News" publication and eFinancialNews.com web site, a subscription-based service. The company also publish "Private Equity," a weekly publication focused on the European private equity sector, and offers training and events for professionals in investment banking, asset management, private equity and trading. Approximately 54% of 2007 revenue is estimated to come from non-print sources. Dow Jones said the purchase of eFinancialNews "is wholly consistent with our mission to serve customers with indispensable business and related content wherever, however and whenever they desire." |
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