Deutsche Börse AG has sold Market News International, Inc. (MNI) to Hale Global. The transaction included MNI’s global news operations, its low latency data product for algorithmic traders (AlphaFlash), and its portfolio of international economic indicators, including the highly respected Chicago Business Barometer (Chicago PMI). Financial details have not been disclosed.
MNI is a leading realtime financial news agency dedicated to providing global capital markets with relevant economic, policy and trading information. Founded in 1983, MNI has press credentials recognized by the White House, both US Houses of Congress, the Fed, the Bank of Japan, the ECB, as well as by the governments and central banks of all G7 nations. MNI has bureaus across Europe, Asia and the USA.
Based in Boston, USA, Hale Global is an investment holding company with a 15-year track record as a buyer and partner of choice for growth technology special situations, including divestitures from corporate parents. The firm brings extensive in-house software and mobile development teams, a deep operational bench focused on product innovation, and a track record of fostering excellence in journalism.
Deutsche Börse AG is one of the world’s leading financial technology firms and the operator of the Frankfurt Stock Exchange.
Oaklins' media specialist team in New York acted as the exclusive financial advisor to Deutsche Börse AG in this transaction.
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