economy.com sells for $27 million
Moody’s Corporation Acquires Economy.com not just the domain though:
Moody’s
Corporation (NYSE: MCO) today announced that it has acquired
Economy.com, a leading independent provider of economic research and
data services, for US$27 million. The acquisition will deepen Moody’s
analytical capabilities to broader areas of economic and demographic
research, expand the range of products and services offered to
institutional customers and introduce new customers to Moody’s. It will
provide Economy.com with access to Moody’s extensive client base, deep
product marketing capabilities, and other resources needed to expand
its business. The transaction was funded by cash on hand and closed
today. Additional terms of the transaction will not be disclosed and
the financial impact to Moody’s is not expected to be material.
Corporation (NYSE: MCO) today announced that it has acquired
Economy.com, a leading independent provider of economic research and
data services, for US$27 million. The acquisition will deepen Moody’s
analytical capabilities to broader areas of economic and demographic
research, expand the range of products and services offered to
institutional customers and introduce new customers to Moody’s. It will
provide Economy.com with access to Moody’s extensive client base, deep
product marketing capabilities, and other resources needed to expand
its business. The transaction was funded by cash on hand and closed
today. Additional terms of the transaction will not be disclosed and
the financial impact to Moody’s is not expected to be material.