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Interactive Data to buy part of Dow Jones' Online Financial Solutions business

By Published on .

Bedford, Mass.—Interactive Data Corp., a provider of financial market data, announced Tuesday that it has agreed to acquire the data and tools assets of Dow Jones & Co.'s Online Financial Solutions business. Financial terms of the transaction, which is expected to close within the next several weeks, were not disclosed.

These OFS assets are part of MarketWatch Licensing Services, which Dow Jones acquired in 2005 as part of its deal to acquire MarketWatch.

As part of the deal with Interactive Data, Dow Jones will enter into a non-exclusive redistribution agreement with Interactive Data to sell MarketWatch news to new and existing customers in the OFS market.

Earlier this month, Dow Jones announced an agreement to sell its one-third interest in STOXX Ltd. for about $309 million to its partners in the business, Deutsche Boerse AG and SIX Group.

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