Business Day

Iress to buy INET

- DATA Staff Writer Business · Tech · Media24 · Naspers

In­ter­na­tional fi­nan­cial mar­ket data com­pany Iress is buy­ing INET BFA from Me­dia24 for R149.6m. Times Me­dia Group sold INET to Naspers’s Mc­Gre­gor BFA in 2013 for R113m. Iress said the ad­di­tion of INET’s South African, African and global data feeds would en­able it to of­fer “a broader and deeper range” of prod­ucts, and ex­pand its team.

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