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Thomson Financial acquires AFX news from Agence France-Presse.


Thomson Financial Thomson Financial

A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings
 (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 signed a definitive agreement to acquire AFX AFX atypical fibroxanthoma.  News Ltd. (London), a real-time financial news agency providing equity-focused business, financial and economic news to the investment community, from Agence France-Presse Agence France-Presse (AFP)

French cooperative news agency. Based in Paris, it has roots in the Bureau Havas, created in 1832, which in 1835 became the Agence Havas, the world's first true news agency.
 (Paris) for approximately $20 million. The deal is expected to close in July subject to regulatory approval.

AFX News provides international economic news coverage to professionals and private investor communities, including professional traders Traders

Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread.
, trading floors, corporate financiers, analysts, private bankers and financial advisors, in English, French, German, Italian, Spanish and Dutch. AFX covers the world with a focus on Europe. The company operates 13 news bureaus and its products are available directly from AFX or via all common open news platforms.

Thomson said the purchase complements its existing news and analysis services, including Thomson Merger News, Thomson Investment Management News and International Financing Review. The company said it will invest "appropriately" to develop and create a new, differentiated real-time financial news service in Europe. The service will provide coverage of multiple asset classes and combine real-time financial news with sector-specific commentary and analysis. The new service will be integrated with Thomson ONE and delivered to existing AFX clients. Thomson ONE includes Thomson Datasteam historical rimes series content, Thomson First Call earnings estimates and Thomson SDC SDC Silver Dollar City
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 deals and private equity content.
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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Article Details
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Publication:Business Publisher
Geographic Code:4EUFR
Date:Jun 17, 2006
Words:214
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