“This transaction supports our mission to be the market leader in licensed and advertising supported financial news and information,” Kramer said in a statement announcing the deal. With some $56 million in cash on hand at MarketWatch factored in, the real value of the deal is closer to $448 million.įounder and CEO Larry Kramer said having the backing of Dow Jones gives MarketWatch “a terrific platform to grow our business and compete with the largest media companies.” The sale price represents a premium of more than 7 percent over Friday’s closing price. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.In separate moves that suggest strong desire among media giants to position themselves in the online news and information fields, Dow Jones agreed to buy MarketWatch in a deal worth US$519 million, while Yahoo announced it had hired a former Wall Street Journal Online executive to head its own news division.ĭow Jones will pay $18 per share in cash to acquire MarketWatch, the parent company of and a longtime leader in the online delivery of hard financial news, such as stock quotes and earnings reports. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper.

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