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May 25, 1988

ANTI-TRUST DIVISION TO LOOK AT AT&T AND TELERATE JOINT VENTURE

By CBR Staff Writer

Reuters Holdings Plc is asking the anti-trust division of the US Justice Department to take a look at the proposed joint venture between AT&T Co and Reuters’ financial information services arch rival Telerate Inc: the joint venture, announced last October, would offer a foreign exchange transaction service in competition with that offered by Reuters; the UK firm thinks that it may be in contravention of AT&T’s anti-trust consent decree.

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