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Interactive Data Corp. acquires Quote.com from Lycos.

The eSignal (Hayward, CA) division of Interactive Data Corp. (IDC; Bedford, MA), a company which is 62% owned by Pearson, has signed a definitive agreement to acquire Quote. com and related assets from Lycos (Waltham, MA) for $30 million in cash. Lycos is a unit of Korean Daum Communications (Seoul).

Quote.com produces four main services that deliver financial content and trading tools for active traders and individual investors. The products include the QCharts and LiveCharts services that provide real-time streaming data and support tools, Quote.com, a financial news and analysis web site, and Raging Bull, an online investment community and message board site. The acquired assets generated 2005 revenue of $12.7 million with expenses of about $9.5 million.

IDC said that the purchase of Quote.com will add 14,500 subscribers to its current base of 46,000 direct subscriptions.

IDC said that eSignal's recently launched web sites MarketCenter.com and FutureSource.com, together with Quote.com and RagingBull.com, generate 196 million page views per month. IDC anticipates that advertising on those sites will build a "growing revenue stream."
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Comment:Interactive Data Corp. acquires Quote.com from Lycos.
Publication:Business Publisher
Geographic Code:1USA
Date:Feb 14, 2006
Words:184
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