Dow Jones Sells One-Third Interest in Stoxx

NEW YORK (TheStreet) -- Dow Jones, a unit of News Corp.(NWS Quote) has reached an agreement to sell its one-third interest in index provider Stoxx Ltd. and provide certain intellectual-property rights to its joint-venture partners for 206.1 million euros ($308.6 million).

Dow Jones could receive a further 29 million euros depending on future business performance, the company said in a statement Thursday.

Deutsche Boerse and SIX Group will each own 50% of Stoxx with Deutsche Boerse holding a one-share majority once the deal closes.

"This is the result of a strategic evaluation of Dow Jones' index businesses and represents an opportunity to realize significant value on an investment made in Stoxx just over a decade ago," said Les Hinton, Dow Jones CEO.

The transaction is expected to close by the end of first quarter of 2010.

-- Reported by Joseph Woelfel in New York .

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