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January 6, 1987

TELERATE TO BUY OUT ASSOCIATED PRESS AND DOW JONES

By CBR Staff Writer

Telerate Inc, New York, has agreement in principle to buy out the two outside shareholders in its AP-Dow Jones/Telerate Co venture that operates outside the US: the two partners are the Associated Press and Dow Jones & Co, each with 24.8%, and AP will get $6.5m cash upfront and $58.5m over 15 years, Dow Jones will get 2.6m new Telerate shares, taking its stake in the financial data firm to 35.4%.

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