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Reuters confirms interest in rival Bridge

Reuters has confirmed its interest in purchasing assets of its bankrupt competitor Bridge Information Systems.
Written by silicon.com staff, Contributor

Reuters has confirmed its interest in purchasing assets of its bankrupt competitor Bridge Information Systems.

The company refused to specify which "assets" of the US information provider it was interested in. However, a spokesman for Reuters said he expected a more specific announcement from the company later this week. He believed this would happen as the deadline for suitors to register interest in Bridge with the US Bankruptcy Court passed this week. Since Bridge filed for Chapter 11 protection last month the company has been linked with a number of potential buyers including SunGard Data Systems and MoneyLine Network. Through acquisition, Bridge had become the largest supplier of financial data in the US, but was left with considerable debt. Observers do not expect Reuters to bid for the whole of Bridge, which may cause difficulties with US anti-trust legislators.
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