Bloomberg Buys Legal Database Provider BNA For $990 Million

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By: David Kaplan | PaidContent.org

Bloomberg is in the process of acquiring legal information services company BNA for $990 million. As competition among the three largest financial news services continues to intensify, the legal services area is something that Bloomberg rivals Reuters (NYSE: TRI) and Dow Jones (NSDQ: NWS) have been looking to reach as they look beyond Wall St. for subscribers to their expensive offerings.

By extending their reach to the legal profession, Bloomberg, Reuters and Dow Jones can compensate for any decrease for their financial services, as layoffs on Wall St. mount. While Bloomberg has continued to see an uptick in its terminal customers, fewer clients and cutbacks have hurt Reuters’ Market Division, which has recently undergone a major restructuring and the layoffs of several top execs.































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