The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Wednesday, March 30, 2016 Sells

The website formerly known as IndexUniverse is selling at the end of the week.

Chris Concannon
Bats Global Markets
President and Chief Executive Officer
Bats Global Markets CEO Chris Concannon confirms that on Friday the Kansas City-based exchange operator will buy The site will become an independent media subsidiary of Bats, led by CEO David Lichtblau, and Litchbau will report to Bats' Bryan Harkins, executive vice president and head of U.S. markets.

Barron's, the Kansas City Star, MarketWatch, Reuters, and of course all covered the news.

The pricing and terms of the deal were not disclosed.

This is the third sale in less than two years. In 2015 FactSet Research Systems bought's data and analytics business, and earlier in 2016 Informa bought's "Inside ETFs" conference business.

Concannon states that the deal "underscores [Bats'] commitment to the ETF industry." He puts the deal in the context of Bats' "focus on providing unique, value-added content for issuers, brokers, financial advisors, marketing professionals and investors."

Printed from:

Copyright 2016, InvestmentWires, Inc.
All Rights Reserved
Back to Top