Reuters has acquired a 25% stake in rival online news service Citywire as part of its continued reinvention as an internet company. The group’s planned personal finance portal will carry commentary and analysis from www.citywire.co.uk and the two will collaborate in the development of new products and content feeds.
Mark Wood, managing director of Reuters Content Partners is to join the board of Citywire. Commenting on the deal he said: “Citywire will both complement and reinforce Reuters own evolving products for private investors via the internet, an important opportunity for us. Citywire has one of the strongest and most innovative teams in online financial commentary and we look forward to utilising their coverage on our planned UK personal finance portal.”
Media Jobs
Hello. We have downloaded cookies on your device. Some of these cookies are essential for the website to function. Others are non-essential and are used for analytics and advertising.
We need your consent for these types of cookies.
To withdraw your consent or change your cookie choices, please do this through your browser settings.
Otherwise, click OK to accept and continue.
