From the March 01, 2010 issue of Futures Magazine • Subscribe!

CME Group buys Dow Jones Indexes

Bringing an end to two weeks of speculation about such a deal, on Feb. 10, CME Group announced it signed a definitive agreement to take a 90% ownership interest of Dow Jones Indexes. Dow Jones will hold a 10% stake in Dow Jones Indexes. The transaction is expected to close during the first quarter of 2010, pending regulatory approval. Terms of the agreement call for the joint venture to license the Dow Jones name with Dow Jones retaining ownership of the brand.

In a statement, CME Group Executive Chairman Terry Duffy said the deal “will allow us to further diversify our revenue streams, creating sustainable new value for our customers and shareholders.”

A Dow Jones Index spokesperson says, “This is exciting news and we are excited about upcoming opportunities.” The spokesperson adds that the joint venture will provide growth strategies.

Comments
comments powered by Disqus
Check out Futures Magazine - Polls on LockerDome on LockerDome