Reuters to float online investments
Published: 19 Jan 2000 15:17 GMT
Global information firm Reuters Group is planning to float its fund of new media investments in a move to adapt to the Internet age, the Financial Times reported Wednesday.
The company proposes to float 25 percent of the shares in the Greenhouse Fund, which was founded four years ago and has invested about $100m (£610m) in 38 Internet companies.
Reuters is due to announce early next month a shakeup in its Internet and e-commerce strategy. The company is also said to be considering a partial flotation of its Instinet electronic broking business, valued at more than £3bn.
What do you think? Tell the Mailroom. And read what others have said.
See techTrader for more technology investment news, plus quotes and research.
Did you find this article useful?
30 out of 66 people found this useful
Digg
Slashdot
Del.ici.ous
Stumble
Reddit
