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Mergermarket Group sold to Pearson.


Pearson plc. (London) has acquired the Mergermarket Group (New York/London) for 101 million [pounds sterling] (Net of cash retained in the business).

Established in 2000, Mergermarket is a financial information company that combines historical news and data with proprietary analysis and intelligence. It provides the information electronically to financial institutions, corporations and their advisors, including law firms This list of the world's largest law firms by revenue is taken from The Lawyer and The American Lawyer and is ordered by 2006 revenue:[1]
  1. Clifford Chance, £1,030.2m – International law firm (headquartered in the UK);
  2. Linklaters, £935.
, equity houses and investment banks The following is a list of investment banks Financial conglomerates
Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance.
.

The acquired company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , mergermarket, provides databases of transactions and third-party news sources with early-stage information on potential corporate activity. DealReporter is an information service covering all aspects of private M&A across the Americas, Europe and Asia and targeted to hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long"  professionals and the buy side community. It tracks deals, expected deals, special situations and spin-offs, and evaluates market rumors For other uses, see Rumor (disambiguation).

Rumors is a farcical play by Neil Simon.

At its start, several affluent couples gather in the posh suburban residence of a couple for a dinner party celebrating their tenth anniversary.
 of anticipated transactions.

The company's DebtWire service provides analysis on all aspects of high yield and distressed credit, while its Wealth-Monitor, targeted to private bankers, identifies high and ultra-high net worth individuals and the liquidity events they will benefit from financially. The company said its subscription renewal rate is over 95%. Pearson's Financial Times Group ceo Rona Fairhead said "we see opportunities to connect mergermarket and the FT Group, from the Financial Times and FT.com to our specialist financial magazines and Interactive Data Corp." FT Group magazines include "Investors Chronicle This article or section is written like an .
Please help [ rewrite this article] from a neutral point of view.
Mark blatant advertising for , using .
," "The Banker," "Money Management" and "Financial Advisor."
COPYRIGHT 2006 JK Publishing, Inc
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Publisher
Date:Aug 16, 2006
Words:224
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