Dow Jones & Company has signed a definitive agreement to acquire MarketWatch, Inc., in an all-cash transaction valued at approximately $519 million, or $18 per fully diluted common share, or approximately $463 million net of cash at MarketWatch. The acquisition is subject to customary regulatory approvals and the approval of MarketWatch's shareholders, and is expected to be completed in the first quarter of 2005.
MarketWatch is a provider of business news, financial information, and analytical tools. Founded in 1997, the company operates two Web sites: MarketWatch.com and BigCharts.com. MarketWatch also operates the MarketWatch Information Services group, which is a licensor of market news, data, investment analysis tools, and other online applications to financial services firms, media companies, and corporations.
MarketWatch will be integrated with the Dow Jones Consumer Electronic Publishing business, which comprises The Wall Street Journal Online at WSJ.com, other free advertising-supported vertical Web sites, licensing of content to Web sites, and The Wall Street Journal Radio Network.