NEW YORK (AP) — Capital IQ, a division of the McGraw-Hill Cos.’s Standard & Poor’s business, said it has agreed to buy TheMarkets.com, a competing provider of financial data and analytics. Specifics about the transaction were not disclosed. TheMarkets, is a joint venture launched in 2000 by some of Wall Street’s largest banks.
TheMarkets provides research and corporate earnings estimates for about 2,400 customers. Capital IQ said the deal will expand its customer base from hedge funds, investment banks and private equity firms to mutual funds and asset managers. Source: Yahoo Finance