BtoB to acquire Pinnacor

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San Francisco--Financial news provider Inc. on Wednesday said it has signed an agreement to acquire Pinnacor Inc., New York, formerly known as ScreamingMedia, in a $103.2 million cash and stock deal. Pinnacor provides business information tools and analytical applications. A new company will be formed to combine the businesses of both MarketWatch and Pinnacor that will provide online business news and financial applications to companies in industries including banking, brokerage and media.
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