Reuters buys Multex
At a purchase price of roughly $192mm, net of cash, and 2002 EBITDA of $11mm, this purchase looks like a typical strategic acquirer looking for revenue and margin expansion. Internet properties are increasingly being eaten up by their old offline competitors in just such a fashion.
I'm a customer of Multex, and the product is definitely the best out there for price / performance at the $5,000 / year level. But I wonder how big this market is?
