Interactive Data buys S&P ComStock service.

Financial News, January, 2003

Byline: Melanie Wold

Interactive Data, a provider of global financial information and analytic tools to investors, is to buy S&P ComStock, Standard & Poor's financial data feed, for $115m ([euro]108.7m).Sources close to S&P said that Interactive Data, which is 60% owned by the Financial Times, would help to raise ComStock's profile amongst institutions.

Stuart Clark, president and chief executive of Interactive Data, said the acquisition fills a significant gap in his company's offering. "At the content level it gives us direct access to real-time market data from more than 180 stock exchanges and other sources worldwide," said Clark.

Interactive Data will market ComStock's content and product to thousands of institutional customers...

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