Globalnet seals $332m merger

By Sonya Rabbitte, 17 August 2000 14:59

NEWS Financial news provider Globalnet has finalised a $332m merger with web services firm Telescan, to launch a finance content portal. The merged group, Globalnetfinancial.com, will offer a platform for online equity trading, as well as sites in Europe and North America providing local financial news and analytical content. UK-based Globalnet already provides financial news content and online trading facilities to three of Europe's largest ISPs - Freeserve, World Online Europe and Scandinavia Online. It was recently contracted by BT to provide financial content to the telco's WAP network, and has just launched an interactive TV channel through Telewest's cable service. US firm Telescan develop and host financial websites.

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