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Merrill Lynch, Multex.com sign Web development deal

Published on .

New York--Merrill Lynch & Co. has signed a pact with Multex.com, a site for analysts and brokers, to jointly develop content for Merrill's planned institutional portal. Merrill's research division and Multex.com will build localized sites within the institutional portal, Direct Markets, to serve Merrill's far-flung global client base. As part of the deal, Merrill will acquire a minority equity stake in Multex.com, New York. Financial terms of the agreement were not disclosed.
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