CME to pay for 90% of Dow Jones Indexes with debt on JV

11 Feb 2010

CME Group will acquire 90% of Dow Jones Indexes in a joint venture which will leave Dow Jones with a 10% stake.

Dow Jones, which is owned by News Corp, will gain $607.5m for 90% of the business, which the deal values at $675m. CME Group will contribute some market data services, which it has valued at $607.5m, to the...

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[CME Group]
[Dow Jones Indexes]
[equity derivatives]
[index futures]
[Dow Jones]
[News Corp]
[Rupert Murdoch]
[Lynton Jones]
[Bourse Consult]

“The introduction of these contracts to trading represents a new stage in developing the Russian market in fixed income instruments as in essence futures on federal bonds are derivatives on long-term interest rates.”

Evgeny Serdyukov, director of F&O at RTS

CME to pay for 90% of Dow Jones Indexes with debt on JV

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