Thomson buys AFX News

The media company Thomson is buying the business news service AFX News from the news agency Agence France-Presse (AFP). AFX News is a European real-time news service headquartered in London. The deal is expected to be completed in July and will be reviewed by the supervisory authorities in Germany, the two companies announced. However, they have not yet disclosed the purchase price. In Switzerland, AFX News holds a 30 percent stake in the business news agency AWP. The remaining shares of 35 percent each are held by the German Press Agency (DPA) and the Swiss News Agency (SDA). AWP employs 19 journalists and achieved a turnover of CHF 4.6 million last year.