Reuters is acquiring Moneyline Telerate, the capital markets news and data feed, for $100 million cash and Reuters’ 14 percent holding in Savvis Communications Corporation, convertible into around 75 million shares of Savvis. Including the Savvis shares, the deal is valued around $175 million.
Reuters said Telerate has than 3,500 customers and has more than 30,000 user access points. Reuters expects to spend $82 million integrating Telerate.