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Weekly News Digest
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July 28, 2003 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today.
CLICK HERE to view more Weekly News Digest items.
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MarketWatch.com to Acquire Pinnacor
MarketWatch.com announced it will acquire Pinnacor, formerly known as ScreamingMedia, in a deal worth approximately $103.2 million. MarketWatch.com said the deal would expand its presence as a provider of premium-branded news, tools, and charting capabilities. The acquisition is subject to customary closing conditions, including regulatory approval and the approval of the two companies' stockholders. Under the terms of the agreement, a new company will be formed to combine the businesses of MarketWatch.com and Pinnacor. The transaction is expected to be completed during the fourth quarter of 2003.MarketWatch.com will incorporate Pinnacor's broad set of financial applications and extensive customization capabilities. Pinnacor's solutions encompass market data and investment-analysis tools for financial services firms, as well as business information, portal solutions, and messaging services for enterprise clients and wireless carriers. At closing, it is expected that Pinnacor will bring several hundred new customers to MarketWatch.com. MarketWatch.com, Inc., founded in 1997, operates two Web sites, CBS MarketWatch and BigCharts. The company produces the syndicated CBS MarketWatch Weekend TV program, airs financial reports over The CBS Television Network, and provides updates every 30 minutes on the MarketWatch.com Radio Network. MarketWatch.com licenses market news, investment analysis tools, and charting applications to financial services firms and media companies. The company also offers subscription products for individual investors, including the Hulbert Financial Digest. Source: MarketWatch.com
Send correspondence concerning the Weekly News Digest to NewsBreaks Editor
Brandi Scardilli
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