NEW YORK (
) -- Stock market icons such as the
Dow Jones Industrial Average
could be combined in a joint venture, a report said.
is in advanced talks with
(CME - Get Report)
to form a stock-market indexes venture,
The Wall Street Journal
reported, citing people familiar with the situation.
Talks to form a joint venture between McGraw-Hill's S&P Indices business and CME's Dow Jones Indexes unit began more than a year ago and could still fall apart, the people said. If a deal goes through, the combined indexes business venture would be managed by McGraw-Hill, and McGraw-Hill would own most of the joint venture.
Under the terms of the deal being discussed, CME would get a minority stake of about 25%, while Dow Jones & Co. could have a minimal stake, people familiar with the matter told the newspaper.
McGraw-Hill announced earlier in September it would
split its financial-services and education units
into two public companies. If the stock-indexes deal goes through, the joint venture would become part of the new McGraw-Hill Markets, people familiar with the matter said, the
-- Written by Joseph Woelfel
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