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August 24, 1988

REUTERS HOLDING FAILED TO BLOCK JOINT-VENTURE BETWEEN TELERATE AND AT&T

By CBR Staff Writer

Reuters Holdings Plc has failed in its bid to block the joint venture between its arch-rival Telerate Inc and AT&T Co to offer an on-line transactions execution service for international money brokers on the grounds that it violated the anti-trust consent decree with AT&T: the Justice Department has told Reuters Information Services Inc that the venture involves only the communication of information generated by others, and is therefore permitted.

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