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Financial information provider Reuters was in demand yesterday as dealers speculated it could be the latest FTSE 100 stock to receive a takeover approach. The shares rose 6¾ to 368½p on talk that internet search engine Google was considering a bid. A hefty 38m Reuters shares were traded.
Also on the Guardian: [guardian.co.uk ]. More balanced approach:
However, analysts reckon Google is more likely to follow rival Yahoo! and use its cash resources to buy overseas, possibly in China.
Bloombergs I think (could be wrong) is key competitor - and are streets ahead interms of revenue and market share. Last I heard the issue with Reuters recently has been it's lack of drive to increase market share in this very niche market - not sure why Google would want to do this?