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Merrill Lynch Expands Deal with Multex.com

Merrill Lynch Wednesday made an undisclosed investment into financial site Multex.com and the two expanded a partnership to develop Merrill Lynch's online activities.

Merrill Lynch (MER)will acquire a minority equity stake in Multex.com and transfer to Multex.com (MLTX) proprietary research technologies developed by Merrill Lynch.

The two firms will jointly develop a platform for real-time delivery of Merrill Lynch investment strategy and securities research, as well as build Web sites with localized content, e-commerce functionality and support for wireless applications for institutional clients. No financial terms were disclosed.

"Our mission is to provide corporate and institutional investor clients around the globe with a portal that offers seamless integration of research, advice, analytics, and trading capabilities," said Thomas W. Davis, head of Merrill Lynch's Corporate and Institutional Client Group.

"This strategic partnership with Multex.com will provide the research delivery component of that portal-giving our clients the wisdom and insights of the world's best research team, delivered with the immediacy and convenience of the best technology platform."

The companies will also expand on their current partnership, in which Multex provides hosting and operation service for Merrill Lynch's Private Client Group.

In addition to the deal with Merrill Lynch, Multex is also considering expanding its investment research services into Europe. British and European versions of multexinvestor.com are slated to launch early in 2000.