Reuters beats all comers to Deutsche Boerse-NYSE tie-up plan

Reuters was first on Feb. 9 to report that Deutsche Boerse and NYSE Euronext was in talks to create what would be the world’s biggest stock exchanges after trading in shares of both exchange operators were suspended. More than half an hour before the official announcement of the biggest M&A deal among stock exchanges in history, Reuters cited people close to the deal that talks were held, confirming what had been rumoured in global markets earlier in the day. It took Bloomberg five minutes to match. Traders at Equniet as well as analysts at LBBW, Silvia Quandt and LBBW contacted Reuters to enquire about the deal, while Bloomberg and Dow Jones customers had to scramble for details and wait for the official confirmation. Reuters was first again 15 minutes with names in key management position in the new entity and indications that Deutsche Boerse would have the upper hand in the tie-up. Dow Jones Newswires, Bloomberg and CNBC cited the Reuters report.