Dow Jones & Company & CME Group have announced the formation of a joint venture for the operation of a global financial index services business. The agreement will provide CME Group with 90% of the venture. Dow Jones will contribute its Indexes business which is valued at $675 million. Dow Jones will hold 10% and retain a key role in the management of the Dow Jones Industrial Average. CME will contributed a business to provide certain market data services valued at $607.5 million. The joint venture has raised $613 million in third party debt to be used to pay a $607.5 million distribution to Dow Jones.
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Dow Jones & Company (http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dowjones.com&esheet=6175371&lan=en_US&anchor=www.dowjones.com&index=1&md5=da835e56f343bd39241f51b8e3ff641b) is a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV; www.newscorp.com) and a leading provider of global news and business information. Its principal products include The Wall Street Journal, Dow Jones Newswires, Dow Jones Factiva, Barron's, MarketWatch and Dow Jones Indexes. Its Local Media Group operates community-based newspapers and Web sites. Dow Jones also provides news content to television and radio stations.
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