Multex.com Makes Content Buy
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Market Guide shareholders will receive one Multex.com share for each outstanding share of Market Guide, or about 5.6 million million shares.
Market Guide expects to list Multex.com's investment research and earnings estimates in its Web site and on more than 100 Internet distribution partners, including America Online, E*Trade, and Yahoo!.
Multex.com will integrate Market Guide's financial databases into all its Internet research services.
"Together, we will supply more professional Web sites with investment data than any other financial information provider," said Homi Byramji, President and CEO of Market Guide. "In addition, the combination of our broad network of Internet distribution partners will enable millions of individual and institutional investors worldwide to access our leading content."
Market Guide supplies investment data on more than 12,000 publicly traded domestic and foreign corporations.
In another recent move targeting individual investors, Multex.com launched information service Multex Investor Network.