A press release on Markit's web site this week announced that General Atlantic has agreed to make a substantial equity investment in Markit. An FT article stated that "General Atlantic is taking a $250m stake in Markit in what amounts to a bet by one of the industry's most experienced investors that the best future growth lies in post-trade services and data rather than in exchanges and trading platforms."
At The World Economic Forum in Davos this week, Thomson Reuters' CEO, Tom Glocer, said the firm saw a "marked uptick" in its sales as it progressed through the end of 2009. We read this in a Reuters Davos Update which also said the firm was in a strong position to make acquisitions and to invest in its businesses.
Also, at Davos this week, Bloomberg said their growth will be organic and they do not intend to bid for Interactive Data Corporation. For more Bloomberg opinion on this, click here.
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