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Archive for: December 2008

Dec 17, 2008

Morningstar, Inc. Acquires Tenfore Systems Limited

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Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today announced it has acquired M&A client, Tenfore Systems Limited, a global provider of real–time market data and financial data workstations based in the United Kingdom, for 13.5 million pounds sterling in cash, or approximately U.S.$21.0 million, subject to post–closing adjustments. Tenfore collects data on global equities, commodities, derivatives, indexes, and foreign currencies from more than 160 sources and consolidates the data for real–time distribution to clients. The company also offers front–end software terminals that leverage the company’s market data, along with analytics and third–party application plug–ins. Key benefits of…

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Dec 1, 2008

Huffington Post raises $25M round

In the News, Valuation , 0 Comments

Today our partner Michael (Max) Maxworthy was quoted in a disucssion on Huffington Post’s capital raise of $25M by David Shabelman for The Deal.com. Times are tough for traditional newspapers, with increasing numbers of people choosing to get information online in real time rather than read yesterday’s news. Among the chief beneficiaries in the media industry are online companies such as HuffingtonPost.com Inc., which said Monday, Dec. 1, the company has raised $25 million in Series C funding from Oak Investment Partners. In addition to political commentary, Huffington Post provides news on business, the media and entertainment, with separate channels…

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