MAID to buy US rival Knight-Ridder

UK online database firm MAID struck a blow for the British software industry today when it said it will buy US rival Knight-Ridder Business Information Systems for £240 million.
Written by Marc Ambasna Jones, Contributor

MAID has suspended its shares on the London Stock Exchange and NASDAQ until the deal has been approved by stockholders, but the company is confident the deal will go through to create a formidable, international supplier of online information services.

Knight-Ridder Business Information Systems supplies online services to research libraries in corporate, government and academic institutions, while MAID, through its Profound service, is well known for supplying market research reports, business news, equity research reports and real-time stock and commodity prices.

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