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BtoB

Interactive Data to buy McGraw-Hill's S&P ComStock

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Bedford, Mass.--Interactive Data Corp. on Thursday agreed to buy McGraw Hill Cos.' S&P ComStock, a provider of financial data, news, historical information and software applications, for $115 million in cash. If the deal closes at the end of February, the company expects ComStock to generate $50 million to $55 million in 2003 revenue.
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