Dow Jones to acquire German newswires, newsletters

Published on .

New York--Dow Jones & Co. announced Tuesday another in a series of acquisitions of newsletter companies.

In the latest deal, Dow Jones agreed to buy the German-language financial newswires and newsletters from Vereinigte Wirtschaftsdienste GmbH, known as vwd, for a net $5.4 million.

The vwd news services and newsletters will operate under the brand name Dow Jones-VWD News as part of the Dow Jones Newswires division.

The properties are expected to generate about $22.2 million in net revenue and $2.3 million in earnings before interest, taxes, depreciation and amortization on a pro-forma annualized basis.

In the past six months, Dow Jones has also bought newsletter properties in its deals for Technologic Partners and Alternative Investor. Vwd’s operations include market-data terminal and services businesses, which Dow Jones will be acquiring and then reselling to an investment group headed by Edmund Keferstein.

--Sean Callahan

Most Popular
In this article: